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Vol 51 No 17

Published 27th August 2010


Ghana

The politics of no

Party feuding, jarring personalities and tax deals – not rivalry with China – have kept ExxonMobil out of Ghana’s oil fields

The announcement on 17 August by ExxonMobil that it is abandoning its campaign to buy a 23.5% stake in the Jubilee field, Africa’s biggest offshore oil field, is likely to precipitate a bid by the Ghana National Petroleum Corporation (GNPC), backed by the China Offshore Oil Corporation (CNOOC), Africa Confidential has learned.

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