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Vol 49 No 23

Published 14th November 2008


Anonymous commerce

Suspicion hangs over Norway's oil major Statoil Hydro after an internal audit published last month flagged as suspicious a joint venture with a mystery Angolan company, signed in September 2006. Angola's state oil company Sonangol operates offshore Block 4/05, with 20% for Statoil Hydro and 15% held by a limited company (sociedade anônima), which need not reveal its owners.

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