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Arthur Eze’s Atlas loses stake in Equatorial Guinea
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Arthur Eze’s Atlas loses stake in Equatorial Guinea
Arthur Eze, the Nigerian businessman whose Oranto Group helped build a sprawling footprint in Africa’s upstream oil and gas sector, has suffered a sharp reversal in Equatorial Guinea after his affiliate Atlas Petroleum lost its stake in a prized offshore licence following a payment dispute with Chevron.Atlas held 27% of Block I, a licence that includes the Aseng field and is viewed as central to Equatorial Guinea’s effort to keep its gas export …
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