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Vol 55 No 6

Published 21st March 2014


Angola

Statoil on the spot

Norway’s biggest parastatal comes under scrutiny over business partners whose reputation for probity is far from the Scandinavian image

The bearer of Norway's reputation for high principles in international business, Statoil, is now on the defensive after revelations in the local media about the shady backgrounds of its local partners in Angola. Forced on it by the Luanda government, its local minority partners appear to be a colourful array of leading politicians and top executives of the state oil company, the Sociedade Nacional de Combustíveis de Angola.

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