Jump to navigation

Vol 1 (AAC) No 1

Published 1st November 2007


New order, new deals

Asian companies face new rules and new relationships in Africa’s most prolific but politically complex oil producer

Reforms in Nigeria’s oil sector, promised by Minister of State for Oil Odein Ajumogobia, will mean that some of the multibillion dollar deals with Asian companies will be reviewed (Africa Confidential Vol 48 Nos 16 & 18). Privately, officials say the review will include a consideration of some of the relationships that President Olusegun Obasanjo’s government had cultivated. Officials are reassessing several agreements, including one financing deal for infrastructure previously hailed as indicative of the greater commitment to infrastructure development offered by Chinese companies.

End of preview - This article contains approximately 654 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.