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GABON

Government sticks nose into Satram-Addax dispute

With its finances already reeling, Addax Petroleum must pay a huge bill to a Moroccan services company. [...] (327 words)

Issue dated 23/08/2016 Reading time 2 minutes

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Energy

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GABON
Addax Petroleum
Ali Ben Ali Mohamed
Ali Bongo
Deloitte
Etienne Ngoubou
Guus Klusener
Hans Van Geloven
Maixent Accrombessi
Rudong Liu
Satram
Shell
Sinopec
Thomas Assogba
Yi Zhang

Why Yi Zhang decided to shift Addax out of Geneva

Deloitte's explosive audit of Addax Petroleum, in which it explains its reasons for refusing to validate the Sinopec unit's 2015 financial statements, has shed led on its organisation in Gabon.

AFRICA Energy 27/06/2017

Addax sweeps the cobwebs out of its official networks

From Geneva to Africa, heads have been rolling as the company steels to shield itself against the fallout of the pending Swiss court case over its activities in Nigeria.

NIGERIA Energy 30/05/2017

Guus Klusener and Yi Zhang back on track at Addax

According to our sources, managing director Yi Zhang and chief financial officer Guus Klusener of Addax Petroleum, both under scrutiny

Spotlight

GABON NIGERIA Energy 11/04/2017

Addax case rubs off on Communist party

In the wake of Deloitte’s refusal to validate Addax Petroleum’s 2015 accounts at the end of last year due to serious question marks over certain transactions (AEI 788), the Swiss judicial authorities have muscled into the matter and arrested Addax’s

Spotlight

AFRICA Energy 28/02/2017

Klusener first in the firing line in Addax/Deloitte scandal

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

GABON Politics 19/10/2016

Bongo promotes Accrombessi

Far from being thrown of the president’s inner court, Maixent Accrombessi has been brought even closer to the centre of power.

Spotlight

GABON Energy 05/07/2016

Oil industry bogeyman Alex Stewart throws new grenades Free

After operating for five years in Gabon, the U.S. audits firm Alex Stewart International (ASI), has just turned its latest findings concerning Shell and Perenco over to the government. While some firms have already paid penalties based on ASI's audits

GABON Energy 07/06/2016

Explosion on Obangue field: Addax muddies the water

A services company that lost a worker and Gabon’s government have put the fatal explosion on Obangue behind them. Here’s why.

GABON Energy 10/06/2014

Sub-contractor versus Addax

The Moroccan logistics firm Satram has launched legal proceedings against Addax for breach of contract.

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GABON
Addax Petroleum
Ali Ben Ali Mohamed
Ali Bongo
Deloitte
Etienne Ngoubou
Guus Klusener
Hans Van Geloven
Maixent Accrombessi
Rudong Liu
Satram
Shell
Sinopec
Thomas Assogba
Yi Zhang

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Government sticks nose into Satram-Addax dispute

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Why Yi Zhang decided to shift Addax out of Geneva

Addax sweeps the cobwebs out of its official networks

Guus Klusener and Yi Zhang back on track at Addax

Addax case rubs off on Communist party

Klusener first in the firing line in Addax/Deloitte scandal

Bongo promotes Accrombessi

Oil industry bogeyman Alex Stewart throws new grenades Free

Explosion on Obangue field: Addax muddies the water

Sub-contractor versus Addax

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Government sticks nose into Satram-Addax dispute

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Why Yi Zhang decided to shift Addax out of Geneva

Addax sweeps the cobwebs out of its official networks

Guus Klusener and Yi Zhang back on track at Addax

Addax case rubs off on Communist party

Klusener first in the firing line in Addax/Deloitte scandal

Bongo promotes Accrombessi

Oil industry bogeyman Alex Stewart throws new grenades Free

Explosion on Obangue field: Addax muddies the water

Sub-contractor versus Addax

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Indigo Publications also publishes: