Equatorial Guinea's VP and the Chamber of Mines confirm ExxonMobil's exit from Block B, but assure the country remains a strong partner for American companies.

Equatorial Guinea's VP Teodoro Nguema Obiang Mangue and the Chamber of Mines clarify that despite ExxonMobil's exit from Block B, the country remains a strong partner for American companies. The expiration of the 1995 Production Sharing Contract transfers Block B's ownership, operations, and assets to the state. The country's oil and gas sector continues to offer investment opportunities.

March 22, 2024
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