In the 2013 Budget Speech, the Minister of Finance informed the Gambian public that The Government of the Gambia continues to promote petroleum exploration, development and production. According to him, two new petroleum offshore licenses, A2 N and A5 were signed in May 2012, thus bringing the total number of offshore blocks licensed to four. Meanwhile, Government continues to closely work with and facilitate the implementation of the A1 and A4 licenses awarded to African Petroleum Company (APC).
In the 2014 budget Speech there is no mention of petroleum exploration, development and production. Many people are therefore surprise by the following press release: Gambia terminates petroleum exploration licenses of companies The government of The Gambia, acting in accordance with the provisions of the petroleum laws of
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