08 Apr 2019, Petia Krasteva, EMIS Editor
Russian oil major Rosneft to bid in Equatorial Guinea’s new gas tender
Equatorial Guinea will now auction licenses for 24 offshore and two onshore blocks. Apart from Rosneft, other oil firms interested in Equatorial Guinea’s oil and gas fields are known to be Italy’s Eni, China's CNOOC and Malaysia's Petronas. Equatorial Guinea is the OPEC's smallest producer but is now making a push to expand upstream activities. The tender will close in late September and a deal with selected investors should be signed in early 2020.
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