Posts Tagged ‘Angola’

Total: Two gas leaks, two reactions

Jon Gambrell, Associated Press in Lagos, has reported that French oil company Total acknowledged on Saturday that one of its gas operations in the Niger Delta is leaking and that this “may have been going on for weeks.”

Gambrell writes, “Total’s Nigerian subsidiary hasn’t made any public statement about the leak since it likely began following an incident March 20, though the company has given near-daily updates about a similar leak at a plant off the United Kingdom in the North Sea.

Revelations in the Economist: The Queensway syndicate and the Africa trade

Angola. Photo: The Economist/Reuters

Anti-corruption campaigner, Global Witness, has released the results of a months’ long investigation into the shadowy China Sonangol syndicate. The Economist ran an in-depth feature article on August 12th based, in part, on the Global Witness investigation.  China Sonangol, known also as The China International Fund or the “Queensway Syndicate” is a corporate partnership that started trading oil in Angola and now operates in oil markets around the world. The Economist article is a must-read for anyone interested in oil and the so-called “resource curse.” The Global Witness report provides more information, as well as proposals for curtailing this type of illicit trading.

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