Parliament extends petroleum agreements for WCTP and DWT to Dec 2040; Minority protests early extension

Parliament has ratified a Memorandum of Understanding (MoU) between government, GNPC and other contractor parties to extend the West Cape Three Points and Deepwater Tano petroleum agreements respectively from 2034 and 2036 to 31st December, 2040. The agreements include a commitment of US$2 billion of additional investments into the two contract areas, which will include […]