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Equatorial Guinea announced the cancellation of "all contracts" with the Canadian company CHC Helicopters, a provider of transportation and maintenance services to various offshore oil producers.
"The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all oil operators (…) and others operators to cancel all contracts with CHC Helicopters (…) because of the non-compliance with the national regulation, "said a statement from the ministry forwarded Wednesday to AFP.
Oil companies operating in Equatorial Guinea, of which Exxon Mobil or Kosmos Energy, will have 60 days to break the contracts and find new suppliers, according to the text.
The Equatorial Guinean laws provide in particular to "protect and promote the ind local ustria, create jobs for the citizens, promote the sustainable development of our country ", according to the Minister of Petroleum, Gabriel Mbaga Obiang Lima, quoted in the communiqué.
CHC Helicopters affirmed that it" complies with the national regulations of Equatorial Guinea ", in its response to the Ministry of Mines forwarded to AFP.
Present for 20 years in the country, the company claims to have" one of the most comprehensive training programs of all entrepreneurs oil and gas "of Equatorial Guinea where it is" invested in local social projects ".
" Our operations have been regularly audited "and the" dialogue "with the Ministry of Mines is" continuous ", according to CHC Helicopters says "I am impatient to continue negotiations with the authorities"
"A sector-wide compliance review is underway", the Malabo communiqué added.
Central African countries a little bit more of n million inhabitants, Equatorial Guinea became an oil producer a little over twenty years ago and joined OPEC in 2017.
Hydrocarbons account for 99% of the country's exports, which continues to suffer from global drop in oil prices in 2014 with negative growth in GDP, which is expected to fall further from -2.7% in 2017 to -6.4% in 2018, according to forecasts by the World Bank.
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