US Senate investigates irregular payments from ExxonMobil, Amerada Hess & Marathon Oil to president of Equatorial Guinea & his relatives
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Author: UN Integrated Regional Information Networks
...most of the irregular payments made into a series of more than 60 Equato-Guinean accounts at Riggs Bank came from...ExxonMobil, Amerada Hess and Marathon..."It is critical to fight corruption in a part of the world with so much abject poverty," [Senator] Levin said..."Neither our companies doing business abroad, nor our banks here at home should be contributing to the corruption problem." [also refers to Riggs Bank & GEOGAM]
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 country's elite...The oil executives contended their transactions were legal and as transparent as possible. [refers to ExxonMobil, Marathon, Amerada Hess - also refers to Riggs Bank]...Two Houston-based oil-field service firms, Halliburton Co. and, most recently, ABB Vetco Gray [part of ABB], have admitted to making improper payments in Nigeria.
- 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
Author: Elliot Blair Smith, USA TODAY
The [US Senate] hearing looked at investigators' findings that the bank served as a conduit for several large U.S. oil companies — including Amerada Hess, ExxonMobil and Marathon Oil — to pay hundreds of millions of dollars to relatives of Teodoro Obiang Nguema Mbasogo, the president of Equatorial Guinea...Amerada Hess did not comment. ExxonMobil said it opposes corruption and is committed to "honest and ethical behavior." Marathon Oil executive Steven Guidry vowed "strict adherence" to U.S. law.