Oil on Gas Regulations Spotlight: Equatorial Guinea

Equatorial Guinea’s oil and gas sector is on a path to recovery and is laying the groundwork for new initiatives towards economic advancement and legislative stability. The country’s economic structure is to be applauded as it prioritizes the development of local production and local participation in its petroleum sector. For example, Equatorial Guinea produces 244,000.00 barrels per day of oil (as of 2016), ranking 34th in the world[1], and has managed to increase its production capacity of gas significantly by 5.73%, yearly, from 6.2 million cubic metres in 2015, to 7.75 million cubic metres in 2018.