Link between Angolan president's son - in - law and
state oil company raises questions about transparency
Not exact matches
• Engineering for the Petroleum & Process Industries, Egypt's
state - owned
oil company, has picked a consortium led by CI Capital as lead managers and bookrunners for an IPO that could
raise about $ 150 million, Bloomberg reports.
In the calendar year, Brown
raised a whopping $ 9.87 million in monetary contributions, with the overwhelming majority of those funds coming from big corporations, labor unions,
oil companies and high - worth individuals that routinely lobby
state government.
Arkady was said to have been trying to get some placing shares in the last fund
raise but was too late getting the paperwork in as it was oversubscribed.Roman Abramovich gave an interview to i think a dubai newspaper in early jan where he
stated he is actively seeking new
oil and gas assets in siberia and he also mentioned the new proposed changes to the mineral extraction tax.So putting two and two together he must think the smaller
companies in the region are prime for picking off some assets or take over.
the directors for the
stated reasons are not in a position to
raise cash with a share issue so it has to produce good results now or negotiate the
companys take over which could be the reason for the delay in releasing
oil pumping info.
But these findings
raise further questions about the transparency of Sonangol, the
state oil company which dominates the economy of Angola.
Oil and coal
companies in the United
States have joined in a conspiracy to hire pseudoscientists to deny the facts, and then begin
raising political arguments that are essentially fraudulent.