Africa Monitor

Africa Monitor Intelligence

Equatorial Guinea: GE Petrol Resorts to US Company Despite “Nationalisation” of the Sector by “Teodorin”

Without the know-how to replace Exxon Mobil in the domestic market, public company GEPetrol resorted to Petrofac Facilities Management Africa Ltd, from the US, to sign a technical assistance agreement for the production of oil and gas that which has been GE's main oil block - Block B of Zafiro. The agreement with Petrofac, for a period of 20 years, was signed at the end of last week in the office of Vice-PR TEODORO NGUEMA OBIANG MANGUE (“Teodorin”), in Malabo. READ MORE