Sentences with phrase «angolan state oil company»

Sonangol, the Angolan state oil company, has agreed to pay for Nessergy's rights in the first instance.

Under the 2012 Nessergy deal, the Congolese and Angolan state oil companies bought the company and, with it, its rights in oil - rich waters shared by the two countries.

Not exact matches

International oil companies and banks are complicit in this process of embezzlement because they refuse to publish what they pay to the Angolan State, preventing ordinary Angolans from calling their government to account over missing oil revenues.

«The son - in - law of the Angolan president, a private businessman, should not be working so closely with the state company which is responsible for managing Angola's oil on behalf of its citizens,» said Diarmid O'Sullivan of Global Witness.

The banks, oil trading companies, financial institutions, regulators, arms procurement companies, offshore financial centres and governments that were involved in this sage must ensure that the middlemen and government officials that personally enriched themselves with the wealth of the Angolan state must not be allowed to do so again.

Link between Angolan president's son - in - law and state oil company raises questions about transparency