Corruption

Africa Mining: Joseph Kabila friend accused of corrupt mining and oil deals in Congo DR

Posted on February 24, 2018 by Mozambique Resources Post

The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime buddy, President Joseph Kabila.

Mozambique Extractives: Mining Licenses grants to be reviewed

Posted on November 6, 2017 by Mozambique Resources Post

The Ministry of Mineral Resources and Energy of Mozambique may revise its mining licensing process in order to minimise or even eliminate possible corruption practices, according to decisions adopted at the Third Coordinating Council held in the city of Matola, on the outskirts of the capital Maputo.

Mozambique Mining: Minister warns over corruption on mining licensing

Posted on November 2, 2017November 2, 2017 by Mozambique Resources Post

Mozambique’s Minister of Mineral Resources and Energy, Leticia Klemens, on Wednesday, recognized that the licensing of mining areas is prone to corrupt practices, and these must be denounced and fought against.

Africa Oil & Gas: Sonangol Denies Report About $50 Billion Hole

Posted on June 8, 2016June 8, 2016 by Mozambique Resources Post

(Bloomberg) – Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.”

Africa Oil & Gas: To avoid theft & corruption, Nigeria’s State oil firm to be split into 30 independent companies

Posted on March 4, 2016 by Mozambique Resources Post

Nigerian National Petroleum Corp (NNPC) is to be split into 30 independent companies within weeks, the group’s head said on Thursday, in a restructuring designed to help tackle corruption at the state oil company.

Africa Oil & Gas: Nigeria $20 Billion Oil Swap Corruption details revealed

Posted on February 18, 2016 by Mozambique Resources Post

A Nigerian parliamentary committee has announced major anti-corruption findings in relation to a multi-billion-dollar crude oil swaps program with foreign companies.

ON DW Africa: Analysts call for investigation into charges ENI and Guebuza

Posted on March 17, 2015 by Mozambique Resources Post

A suspected case of corruption and influence peddling involving the Italian oil giant ENI and the former Mozambican President Armando Guebuza is shaking Maputo. It is expected that the PGR open an investigation to ascertain the veracity of the case as reported by DW Africa.

Mozambique Oil & Gas Industry: The Problems behind Mozambique´s 5th Petroleum Licensing Round

Posted on March 16, 2015March 16, 2015 by Mozambique Resources Post

Mismanagement of the 5th petroleum-licensing round and the new “preference” for bids to include Mozambican partners is opening the door for Nigerian-style corruption. Strong new oversight mechanisms – perhaps even international observers – are urgently needed to ensure the fairness of the allocation process. read more here.

RIZGZONE: Galp Sees Delays In Brazil From Petrobras Graft Probe

Posted on March 13, 2015March 13, 2015 by Mozambique Resources Post

A widening corruption probe into Brazil’s state-run oil company Petrobras is likely to delay by at least one year four major offshore oilfield projects, Portuguese partner Galp Energia said, in a first sign of strain on foreign investors. Galp, which is involved in nearly 30 on-shore and off-shore oil and gas projects in Brazil, flagged a one-year delay in the building of production ships for the Lula Sul, Lula Norte, Lula Extremo Sul and Lula…

Africa OiL & Gas: NLNG dismisses bribery involvement

Posted on March 10, 2015March 10, 2015 by Mozambique Resources Post

Nigeria LNG Limited said its attention has been drawn to recent Nigerian social media posts about an alleged bribery incident, linked to 2014 tenement rate payments made by the company to Bonny Local Government Council (BLGC).

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