Equatorial Guinea sets 20% minimum state stake

摘要

Cape Town, South Africa-Equatorial Guinea said November 17 the minimum for the stateowned oil company in future production sharing contracts had been set at 20%, with any excess over that negotiable. "The new hydrocarbon law says that the minimum stake for Geopetrol is 20%," Director General of Mines and Energy Diosdado Bengono told Platts on the sidelines of an industry conference in Cape Town.