Equatorial Guinea to Launch New Bidding Round for Offshore Blocks in 2016

Reuters

CAPE TOWN, Oct 29 (Reuters) - Equatorial Guinea will launch a new bidding round for all remaining deep and ultra-deep water blocks next year, the energy minister said on Thursday.

Minister Gabriel Obiang Lima also said in a statement he would not approve the sale of Hess Corporation's producing offshore assets in the country to foreign bidders.

(Reporting by Wendell Roelf; Editing by James Macharia)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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