Arthur Eze to pay $10 million to regain oil blocks in Equatorial Guinea
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Arthur Eze to pay $10 million to regain oil blocks in Equatorial Guinea
Key PointsArthur Eze faces pressure in Equatorial Guinea as authorities demand a $10 million bonus to recover oil blocks amid license compliance issues.Last September, Equatorial Guinea revoked two exploration licenses from Atlas Oranto for violating production sharing agreements, escalating the pressure on Eze.Despite setbacks, Eze expands Atlas Oranto globally, securing an extension in Uganda and a major prospecting agreement in Venezuela.Nige…
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