Minexco Petroleum Inc. provides details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin.

The debate around resource nationalism and the ability of countries to leverage the benefits of their natural resources is of central concern to AGM Petroleum. In Ghana, the location of one of AGM Petroleum's key assets, this discussion has led to the passing of the Local Content and Participation Regulation, 2013 (LI 2204). This new legislation aims to empower Ghanaians and ensure the citizenry benefits from the country's newly discovered resource.

Tags: Minexco Petroleum