Guinea

Investment & Operational Criteria

Key Indicators
‍

Risk Premia
‍

6.875

Outlook
‍

Uncertain

Rating
‍

C|4H|§

Ranking
‍

104

Reserves (1P)
‍

Total
‍

mm boe

Oil
‍

Summary

Mamady Doumbouya's election in December 2025 formalised military rule, and the government's revocation of mining licences, including the dispute with EGA, highlights resource nationalism. Security is not yet at concerning levels, but governance risk is rising. Outlook maintained because formalised military rule leaves the direction unclear. Outlook: Uncertain. Risk premia unchanged at 6.875%.

Updated

October 7, 2026

Country Basics

Region

Africa - West

Reserves (1P)
‍

Oil
‍

mm bbl

Gas
‍

bcf

Location

Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Sierra Leone.

Outline

Tax Regime
Type

PSC/PSA

Tax Regime
Notes

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.

Investment &
Operational
Climate

General Mamadi Doumbouya, who seized power in 2021, consolidated rule through a 2025 constitutional referendum and the December 2025 presidential election. US and UK guidance cite resource nationalism, notably the revocation of bauxite mining permits in 2025, as well as arbitrary regulation and corruption. The Simandou iron ore project began exports in late 2025. Guinea has no oil production and offshore exploration is minimal.

Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.