Equatorial Guinea Rewrites Oil Law After Production Collapses 85% ...Middle East

OILPRICE - Economy
Equatorial Guinea Rewrites Oil Law After Production Collapses 85%
Equatorial Guinea will approve a new hydrocarbon law on Monday after crude production collapsed to just 20,000 barrels per day in September, down from roughly 140,000 bpd in 2020. The 120,000-bpd loss has reduced OPEC’s smallest producer to a fraction of its former output and contributed to an economy the International Monetary Fund expects to shrink 1.7% this year. Hydrocarbons Minister Antonio Oburu Ondo said the new law will make contractual terms more flexible and offer oil companies a wider range of structures based on their appetite…

Hence then, the article about equatorial guinea rewrites oil law after production collapses 85 was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Equatorial Guinea Rewrites Oil Law After Production Collapses 85% )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy