Wednesday, July 31, 2013

Gabon to implement new transparency measures when licensing offshore oil blocks

(Reuters) - Gabon has informed the World Trade Organization (WTO) that it will hold a licensing round for offshore oil blocks later this year, and that it will bring in new transparency requirements for its natural resources sector.

In a confidential document circulated during a two-day trade policy review that ended on Wednesday, Gabon said it was adopting a new hydrocarbon code which would provide a basis for the new bid round.

Gabon, a former OPEC (Organization of the Petroleum

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