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Author: Global Witness
The intensifying competition for commercial access to the world’s remaining deposits of oil, gas and minerals brings with it a serious risk of exacerbating corruption and violent conflict. Such corruption can prop up autocratic governments that keep...
- Related stories: Global Witness report highlights need for increased transparency to prevent Africa's natural resources from fuelling instability
- Related companies: Addax Petroleum (part of Sinopec) Baker Hughes CNOOC (China National Offshore Oil Corporation) Eni First Quantum Minerals Gécamines Glencore (now Glencore Xstrata) Goldman Sachs Halliburton KBR Nigerian National Petroleum Company (NNPC) Norsk Hydro (now part of Statoil) Shell Sinopec Snamprogetti (part of Eni) Sonangol Statoil Tidewater Transocean
Author: Justin Bloom, Washington Post
The [oil] companies paid for scholarships for children of [Equatorial Guinea]'s leaders, formed business ventures with government officials, hired companies linked to [President] Obiang and rented property from government officials and their relatives...
Corrupt influence by Big Oil alleged: [US] Senate panel uncovers deals in West Africa [Equatorial Guinea]
Author: David Ivanovich, Houston Chronicle
Staffers on the Senate's Permanent Subcommittee on Investigations pointed to arrangements between the oil companies and entities controlled by the family of President Teodoro Obiang Nguema, as well as to scholarships doled out to relatives of the...
- Related stories: US Senate investigates irregular payments from ExxonMobil, Amerada Hess & Marathon Oil to president of Equatorial Guinea & his relatives
- Related companies: ABB ExxonMobil Halliburton Hess Corporation Marathon Oil Riggs Bank (now part of PNC Financial Services) Vetco Gray (part of Vetco International) Vetco International