6.875
%
Uncertain
95
mm boe
0
%
Ebola has hampered activities in the country, but the "all clear" declaration started to see the country return to normal. However, political unrest continues to undermine security, which, although not yet at concerning levels, is becoming a notable factor.
April 17, 2024
Africa - West
mm bbl
bcf
Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Sierra Leone.
PSC/PSA
The fiscal system applied in Guinea is based on the General Tax Code, Petroleum Code and Petroleum Agreements (in the form of production sharing contracts (PSCs)). The fiscal terms are defined both in the PSCs and in applicable legislation. For the PSC template, the Guinea Petroleum Code refers to the model agreements used in international practice.
Despite persistent corruption and fiscal mismanagement, the long-term economic prognosis for Guinea, buoyed by sizeable endowments of natural resources, energy opportunities, and arable land, remains promising. Constrained by an austere budget, Guinea has increasingly looked to foreign investment and the private sector to prop up its economy. China, Guinea’s largest trading partner, has dramatically increased its role in the past few years with a variety of infrastructure investments. Investors should proceed with caution, realizing that the potential for high profits comes with significant risk.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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