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NIGERIA Issue dated 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 [...] (218 words)

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NIGERIA GABON 19/12/2017

Yi Zhang leaves controversial role in Addax to join Cofco

After heading Addax Petroleum for the past seven years, Yi Zhang is ready to move on but not from Geneva. [...]

NIGERIA 21/11/2017

Colin Klappa lined up to direct Addax's Lagos office

According to our sources, Addax Petroleum's current vice-president for technical matters, Colin Klappa is expected to replace Cornelius Zegelaar at [...]

CAMEROON GABON NIGERIA 07/11/2017

Addax Petroleum staff in a stew over severance package

There is a high chance that the atmosphere will be somewhat subdued at the party organised by and for Addax [...]

NIGERIA 12/09/2017

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. [...]

CAMEROON GABON NIGERIA 12/09/2017

Sense of an ending at Addax's genevan offices

The death knell has rung. Chinese giant Sinopec's affiliate, Addax Petroleum, has given its 170 Genevan-based employees their date of [...]

CAMEROON GABON NIGERIA 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. [...]

AFRICA 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 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 [...]

AFRICA 11/04/2017

Van Roosmalen brought in to wake Addax from its coma

According to our sources, to help it weather a mounting storm (see here), Addax Petroleum recently hired a new legal [...]

Spotlight GABON NIGERIA 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 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 [. [...]

Spotlight GABON 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 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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General Electric and Aenergy trade blows in turbine war

How Ycap became the Gabonese sovereign fund's favorite asset manager

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

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Free Articles

ESL & Network lays groundwork for World Bank, IMF gathering in Marrakesh

Lourenço wants to make up for diamond road repair blunder

Army frustrated over treatment of Israeli-supervised special forces defending Paul Biya's twilight years

Yi Zhang leaves controversial role in Addax to join Cofco

Colin Klappa lined up to direct Addax's Lagos office

Addax Petroleum staff in a stew over severance package

Is Addax Petroleum about to be taken to court in the US?

Sense of an ending at Addax's genevan offices

Sinopec chastises Geneva over Addax case

Addax sweeps the cobwebs out of its official networks

Guus Klusener and Yi Zhang back on track at Addax

Van Roosmalen brought in to wake Addax from its coma

Addax case rubs off on Communist party

Klusener first in the firing line in Addax/Deloitte scandal

Addax faces crushing government demands

Ngoubou gets the better of Addax

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General Electric and Aenergy trade blows in turbine war

How Ycap became the Gabonese sovereign fund's favorite asset manager

Erdogan sets out to conquer Africa

Cabo Delgado: a gas Eldorado and security nightmare

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

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Free Articles

ESL &amp; Network lays groundwork for World Bank, IMF gathering in Marrakesh

Lourenço wants to make up for diamond road repair blunder

Army frustrated over treatment of Israeli-supervised special forces defending Paul Biya's twilight years

Yi Zhang leaves controversial role in Addax to join Cofco

Colin Klappa lined up to direct Addax's Lagos office

Addax Petroleum staff in a stew over severance package

Is Addax Petroleum about to be taken to court in the US?

Sense of an ending at Addax's genevan offices

Sinopec chastises Geneva over Addax case

Addax sweeps the cobwebs out of its official networks

Guus Klusener and Yi Zhang back on track at Addax

Van Roosmalen brought in to wake Addax from its coma

Addax case rubs off on Communist party

Klusener first in the firing line in Addax/Deloitte scandal

Addax faces crushing government demands

Ngoubou gets the better of Addax

SPECIAL OFFER

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Indigo Publications also publishes:

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ESL & Network lays groundwork for World Bank, IMF gathering in Marrakesh