Washintgon — Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars without publicly accounting for the money, according to a new report. A lack of transparency over staggering amounts of oil revenues is concerning from countries that have millions of people living in dire poverty, weak budgetary […]
Tag Archives: Deals
THE government stands to gain under the Production Sharing Agreement (PSA) entered between the state and Statoil Company, the Tanzania Petroleum Development Corporation (TPDC) has maintained. Dismissing claims circulating in the local media that the government stands to lose billion of shillings annually under the PSA contract, outgoing TPDC Managing Director Yona Kilagane, said the […]
Aubrey McClendon Announces B In New Oil And Gas Deals McClendon clearly has much higher hopes for the Permian basin of Texas, which has a 100-year history of oil production and is currently enjoying a new boom. His new Permian deal looks rich, with AEP paying $ 156,000 per flowing daily barrel. This is in […]
