Equatorial Guinea - Second Petroleum Technical Assistance Project

Document of The World Bank FOR OFFICIAL USE ONLY MICROFICHE COPY Report No. P- 5808-EG Type: (PR) BHAT, HARI/ X34292 / J4 229/ AFlIE ReportNo. P-5808-EG MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT IN THE AMOUNT EQUIVALENT TO SDR 1.8 MILLION TO THE REPUBLIC OF EQUATORIAL GUINEA FOR A SECOND PETROLEUM TECHNICAL ASSISTANCE PROJECT JUNE 10, 1992 Tbhis document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EOUIVALENTS CURRENCY UNIT - Franc CFA 1/ US$1 - FCFA 275 CFAF 1 - US$0.003 CFAF 1,000 - US$3.63 ABBREVIATIONS AND ACRONYMS API - American Petroleum Institute BOPD - Barrels of Oil per Day cfg - cubic feet of gas CGE - Compagnie G6n6rale des Eaux CIF - Cost of Insurance and Freight DGEI - Direction General for Energy and Industry DH - Directorate of Hydrocarbons EDFI - Electricit6 de France Internationale EEPGE - Empresa Estatal Petrolifera de Guinea Ecuatorial EIB - European Investment Bank ENERGE - Empresa Nacional de Electricidad de la Reptdblica de Guinea EcuatorLal FOB - Free on Board GEPSA - Guinea-Espafiola de Petr6leo S.A. GE-TOTAL - Guinea Ecuatorial-TOTAL GOR - Gas Oil Ratio KgOE - Kilogram of Oil Equivalent LCB - Local Competitive Bidding LPG - Liquefied Petroleum Products mmcf - Million of Cubic Feet MMH - Ministry of Mines and Hydrocarbons RoR - Rate of Return SEGESA - Sociedad de Electricidad de Guinea Ecuatorial S.A. SPANGOC - Spanish Gulf Oil Company Measures and Eauivalents One barrel - about 0.16 cubic meter One cubic feet - 0.028 cubic meter One cubic meter - 37.3 cubic feet Fiscal Year January 1 to December 31 JJ FCFA: Franc de la Cooperation FinanciAre Africaine  FOR OMCIAL USE ONLY REPUBLIC OF EOUATORIAL GUINEA SECOND PEIROLEUM TECHNICAL ASSISTANCE PROJECT CREDIT AND PROJECT DESCRIPTION Republic of Equatorial Guinea 8810FICIARY: Ministry of Mines and Hydrocarbons (MMH) ANOUINTs SDR 1.8 million (US$2.43 million equivalent) TER8: Standard IDA, with 40 years maturity FINANCING PLAN: Local Foreign Total