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Vol 51 No 15

Published 23rd July 2010


Ghana

Storm in an oil barrel

A commercial dispute between the government and a US oil company has become diplomatically damaging – so President Mills is looking for a way out

The grand launch of Ghana’s commercial oil production this year has begun inauspiciously with a bruising battle between the government and the state oil company on one hand and American oil company Kosmos Energy on the other. Kosmos had announced last September that it wanted to sell its stake in the country’s Jubilee oil field to the giant ExxonMobil corporation in an exclusive deal for US$4.2 billion.

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