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The curse of natural resources

Norwegian oil company refuses to disclose how much they pay to drill in Equatorial Guinea.

(THIS ARTICLE IS ONLY MACHINE TRANSLATED by Google from Norwegian)

The Norwegian oil company, DNO, owns five per cent in block P offshore in the West African country Equatorial Guinea. The company's ownership interest is five percent. The deal with the country's authorities was signed last April along with US Ocean Energy (now Devon), which is the operator, Malaysian Petronas Carigali Eq. Guinea and Nigerian Atlas Petroleum (Int) Ltd. The state oil company GEPetrol has 20 percent in the block.

An investigation conducted by the US Senate last year revealed that the country's president, Teodoro Obiang Nguema and his family, have run away with at least $ 35 million in the last ten years. The money comes from the country. . .

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