12 Oct 2026

21:38

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Home Blog OPEC’s Smallest Producer Seeks Prepaid Oil and Gas Deals with Traders

OPEC’s Smallest Producer Seeks Prepaid Oil and Gas Deals with Traders

codarx

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Update date: 2026/01/20

Equatorial Guinea is looking to strike prepaid oil and LNG delivery deals with commodity traders as OPEC’s smallest oil producer needs money to maintain operating fields and revive its upstream sector, anonymous sources with knowledge of the plans told Bloomberg on Tuesday.   The central African country has been struggling to attract upstream investments in recent years and has seen its oil production drop. The country has also been an LNG exporter for two decades.  But Equatorial Guinea needs capital to cover expenses and…

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