Archive for the 'Corruption' Category



Ever fancied having you own oil supply on tap? Nigerian security forces have discovered a pipeline they say was used by a powerful Niger Delta gang leader to steal petroleum products from a state oil refinery.
The pipeline runs from the refinery in Port Harcourt through a secret camp in the creeks of Rivers […]

Nigeria “wasted” 30 years of oil income, the head of the International Monetary Fund (IMF) Dominique Strauss-Kahn said yesterday as he warned the country against the dangers of neglecting the non-oil sectors of its economy.
“Nigeria has had 40 years of oil but for the first 30 years it wasted the proceeds from that oil,” Strauss-Kahn […]

Although Nigeria passed legislation last year establishing an independent body the to make sure that oil majors pay the necessary royalties and taxes, anti-corruption activists are saying the law is not strong enough to fully clean the industry.
Under the law – the Nigeria Extractive Industries Transparency Initiative (NEITI) - oil companies are required to disclose […]

A fascinating story tucked away in the Gulf press.
An anonymous Iraqi MP claims that some U.S. companies have offered a $5 million bribe to each Iraqi MP for passing Iraq’s controversial oil and gas law which has been stalled in the parliament for more than a year.

BP yesterday accepted blame for failures to protect employees, the environment and consumers as it agreed to hand over a total of $373m to settle a string of criminal investigations into its conduct across America.
In an effort to put lapses under the leadership of Lord Browne behind it, BP struck a broad deal with the […]





Sign-up for updates

 
 

 

 

You are currently browsing the Oil Change weblog archives for the 'Corruption' category.

Longer entries are truncated. Click the headline of an entry to read it in its entirety.

 

 


Categories