Jump to navigation

Vol 47 No 22

Published 3rd November 2006


Nigeria

Starstruck Starcrest

On 20 October, Swiss-based and Canadian-listed Addax Petroleum announced that it was buying a controlling interest in a lucrative Nigerian oil block - the award of which until that point had not been announced by the government. Interestingly, Addax bought the new stake from an indigenous company with no employees, office or telephone number and for more than double its original sale price.

End of preview - This article contains approximately 425 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.