Equatorial Guinea’s oil minister, Gabriel Obiang Lima, has ordered petroleum companies operating in the country to cease doing business with UK-based Subsea 7 because of its reported failure to comply with local content rules, according to Reuters.
The order forms part of a wider crackdown on companies failing to employ enough local people instigated in 2014.
Other companies affected include Noble Energy, ExxonMobil and Marathon Oil.
A review of the sector is ongoing,...
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