OPEC’s Smallest Producer Seeks Prepaid Oil and Gas Deals with Traders
Market Intelligence Analysis
AI-PoweredEquatorial Guinea, OPEC's smallest oil producer, is seeking prepaid oil and gas deals with commodity traders to raise capital and maintain its upstream sector, as it struggles to attract investments and faces declining oil production.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Equatorial Guinea is looking to strike prepaid oil and LNG delivery deals with commodity traders as OPEC’s smallest oil producer needs money to maintain operating fields and revive its upstream sector, anonymous sources with knowledge of the plans told Bloomberg on Tuesday. The central African country has been struggling to attract upstream investments in recent years and has seen its oil production drop. The country has also been an LNG exporter for two decades. But Equatorial Guinea needs capital to cover expenses and…
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