I doubt that there is actually a developing country with a multi-national with turnover twice GDP actually in its territory.
If by 'in its territory' he means 'has its headquarters' is probably right. If he simply means operating in (as I did) then he is sadly quite wrong, as this depressing account shows.
It also illustrates my point perfectly. Sao Tome has been hit by a wall of prosperity, leaving an inexperienced government ill-equipped to deal with this amount of money - chiefly due to underdeveloped institutions. Too much money, too little power in the face of it. Corruption is inevitable.