Guinea

Investment & Operational Criteria

Key Indicators

Risk Premia

6.875

%

Outlook

Uncertain

Rating

C|4H|§

Ranking

99

Reserves (1P)

Total

mm boe

Oil

0

%

Summary

Ebola has hampered activities in country, but the "all clear" declaration on the 19th of June should start to see the country come back to normal. However, political unrest continues to undermine security, which although not yet at concerning levels, is becoming a notable factor.

Updated

June 27, 2021

Country Basics

Region

Africa - West

Reserves (1P)

Oil

mm bbl

Gas

bcf

Location

GuineaGuinea

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

Despite persistent corruption and fiscal mismanagement, the long-term economic prognosis for Guinea, buoyed by sizeable endowments of natural resources, energy opportunities, and arable land, remains promising. Constrained by an austere budget, Guinea has increasingly looked to foreign investment and the private sector to prop up its economy. China, Guinea’s largest trading partner, has dramatically increased its role in the past few years with a variety of infrastructure investments. Investors should proceed with caution, realizing that the potential for high profits comes with significant risk.

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

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