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AFRICA

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. [...] (282 words)

Issue dated 27/06/2017 Reading time 2 minutes

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Energy

Geneva municipality picks Addax's top auditor S. Blanchot as new CFO

Rebounding quickly after Addax Petroleum's Genevan offices were relocated to its parent company Sinopec's Beijing headquarters in late December, some [...]

GABON Energy 05/12/2017

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. [...]

NIGERIA GABON Energy 12/09/2017

Guus Klusener, still carries sway at Addax from behind the scenes

According to our sources, the former legal director and member of the board at Addax Petroleum, Guus Klusener, being paid [...]

NIGERIA Energy 29/08/2017

Ruud Schrama pays for handling Kaztec case at Addax

According to our sources, Addax Petroleum's operations director, Dutch national Ruud Schrama, was let go at the end of July. [...]

CAMEROON GABON NIGERIA Energy 29/08/2017

Sinopec chastises Geneva over Addax case

Beijing has made its decision. It is going to close Addax's Genevan, but also UK and US, offices. The move was in no small part precipitated by the Swiss court case, marking an end to Geneva's role as a global oil nucleus. [...]

NIGERIA Energy 11/07/2017

Addax pays up, switches up its team and settles its legal case

In exchange for a 32 million Swiss franc fine and a change of management, the Genevan procurer, Yves Bertossa has [...]

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 [. [...]

AFRICA 14/03/2017

Klusener tries to save Addax from catastrophe

Since Addax Petroleum’s auditor, Deloitte, refused to certify its 2015 accounts, the company’s influential chief legal officer, Guus Klusener, has [...]

Spotlight

AFRICA 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 Energy 23/08/2016

Government sticks nose into Satram-Addax dispute

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

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 14/07/2015

Addax caught up in new wrangle with government

Relations between the Chinese group and Libreville could worsen once again with a new scandal. And this time Addax’s supporter in presidential circles could allow the matter to run its course. [...]

GABON Energy 17/03/2015

Thomas Assogba, Addax’s hired hand

Relations between the Chinese firm Addax Petroleum (part of the Sinopec group) and Gabon’s government have been highly complicated in [...]

Spotlight

GABON Energy 25/03/2014

Addax faces crushing government demands

The end to the legal battle between Gabon’s authorities and the Chinese firm Addax Petroleum in 2013 was by no means the end to the saga. Some articles in the new, 10-year accord on the Obangue, Tsiengui and Autour fields [. [...]

Spotlight

GABON Energy 28/01/2014

Ngoubou gets the better of Addax

Taking over as oil minister in February, 2012, Etienne Ngoubou succeeded in making himself indispensable to president Ali Bongo and his chief-of-staff Maixent Accrombessi. And he has finally won the tug of war he began a year ago with China’s [. [...]

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Addax Petroleum
Ali Bongo
Emeka Offor
Guus Klusener
Kaztec Engineering
Maixent Accombessi
Sinopec
Thomas Assogba
Yi Zhang
Yves Bertossa

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Addax sweeps the cobwebs out of its official networks

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2 options offered to continue reading

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Geneva municipality picks Addax's top auditor S. Blanchot as new CFO

Why Yi Zhang decided to shift Addax out of Geneva

Guus Klusener, still carries sway at Addax from behind the scenes

Ruud Schrama pays for handling Kaztec case at Addax

Sinopec chastises Geneva over Addax case

Addax pays up, switches up its team and settles its legal case

Guus Klusener and Yi Zhang back on track at Addax

Addax case rubs off on Communist party

Klusener tries to save Addax from catastrophe

Klusener first in the firing line in Addax/Deloitte scandal

Government sticks nose into Satram-Addax dispute

Explosion on Obangue field: Addax muddies the water

Addax caught up in new wrangle with government

Thomas Assogba, Addax’s hired hand

Addax faces crushing government demands

Ngoubou gets the better of Addax

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Addax sweeps the cobwebs out of its official networks

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

2 options offered to continue reading

Create your free account

create a free account

Receive free prompts for these topics

Geneva municipality picks Addax's top auditor S. Blanchot as new CFO

Why Yi Zhang decided to shift Addax out of Geneva

Guus Klusener, still carries sway at Addax from behind the scenes

Ruud Schrama pays for handling Kaztec case at Addax

Sinopec chastises Geneva over Addax case

Addax pays up, switches up its team and settles its legal case

Guus Klusener and Yi Zhang back on track at Addax

Addax case rubs off on Communist party

Klusener tries to save Addax from catastrophe

Klusener first in the firing line in Addax/Deloitte scandal

Government sticks nose into Satram-Addax dispute

Explosion on Obangue field: Addax muddies the water

Addax caught up in new wrangle with government

Thomas Assogba, Addax’s hired hand

Addax faces crushing government demands

Ngoubou gets the better of Addax

Receive free prompts for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: