Equatorial Guinea is a member of Multilateral Investment Guarantee Agency. MIGA issued its first guarantee contract in Equatorial Guinea for the exploration, development and production of oil and gas. MIGA’s $24 million guarantee covers UMC Equatorial Guinea Corporation of the United States for its $272 million equity investment in the project. MIGA’s guarantee covers the risks of expropriation and war and civil disturbance.
Certain general guarantees such as no expropriation or nationalisation without a just and equitable prior compensation.
