Equatorial Guinea: Local content crackdown
Issue 374
- 27 Jul 2018
| 2 minute read
The Ministry of Mines and Hydrocarbons has signalled a tough new line on local content regulations, announcing on 17 July that it had ordered oil companies operating in the country to cancel all contracts with Canada’s CHC Helicopters.Oil companies operating in Equatorial Guinea have been given 60 days to unwind contracts and find new suppliers, with only those companies in compliance with the local content provisions established in 2014 allowed to bid for contracts.
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