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Tag Archives: oil

Obiang leads Eq. Guinea from terror to oil

MALABO, Equatorial Guinea | AFP | Equatorial Guinea’s tough President Teodoro Obiang Nguema seized power almost 37 years ago from a feared and ruthless uncle and has steered the tiny but now oil-rich nation with an iron glove. Already Africa’s longest-serving leader, the 73-year-old looks set to win a fresh …

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Uganda in biggest tax evasion story

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

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Angola, hit by collapse of oil prices, seeks IMF aid

Washington, United States | AFP Angola said Wednesday it had asked the International Monetary Fund for help after the crash in oil prices ravaged government finances. The IMF said discussions would begin next week in Washington on what could be a three-year support plan for the government. “The sharp decline …

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Cleaning up oil

By Ronald Musoke New oil waste treatment facility brings relief to communities In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting …

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Cleaning up Oil

By Ronald Musoke In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting wells in the northern Uganda area of the Albertine …

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