Equatorial Guinea to Revise its Oil and Gas Law to Incentivize Investment in Upstream, Midstream and Downstream, Other African Countries Should do the Same

 
Equatorial Guinea to Revise its Oil and Gas Law to Incentivize Investment in Upstream, Midstream and Downstream, Other African Countries Should do the Same


H.E. Gabriel Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, has announced the Ministry’s intention of preparing a new Hydrocarbon law focused on attracting oil investment into the country’s sector. With national targets to establish the country as an oil and gas leader, the new Hydrocarbon Law aims to enhance investment, attract both regional and international energy participants, and accelerate growth and development in 2021 and beyond.


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