Is Addax Petroleum about to be taken to court in the US?
With its troubles with the Genevan procurer behind it, the Chinese major may now feel the force of the American judicial machine over its activities in Nigeria. [...]
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With its executives leaving in droves and its production in the doldrums, Addax Petroleum, which was bought out by Sinopec in 2009 for $7.2 billion, has run into trouble of a different order. Although the crisis has been largely contained [...]
Nigerian president Muhammadu Buhari has finally decided to put an end to the tandem act he set into motion last August by having himself and NNPC group managing director Emmanuel Kachikwu, who's also state petroleum resources minister, oversee the oil [...]