African Energy Chamber salutes BEAC for relaxing its currency controls for oil and gas industries

AFRICA – The African Energy Chamber has saluted the Bank of Central African States (BEAC) for their willingness to offer the best enabling environment for the oil & gas industry in the wake of the ongoing crisis. Earlier this year, the Chamber had joined several industry stakeholders in calling on the BEAC to relax its currency controls rules adopted in June 2019. In a meeting held recently, the Board of Directors of BEAC allowed the opening of foreign currency escrow accounts by petroleum and mining operators. The authorization was given…

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