the fuelcard people

News Categories

previous page

Esso account card news: Exxon 'still free to bid on Ghanaian oil assets'

09 February, 10
Esso account card users may be interested to learn that the fuel firm's parent company may still be allowed to purchase a stake in Ghana's Jubilee oil field.

According to the Wall Street Journal, the west African country's energy minister Joe Oteng-Adjei sent a letter to US-based ExxonMobil, stating that the oil giant would not win government approval for the deal to buy assets from current owner Kosmos.

Only the state-run Ghana National Petroleum Corp (GNPC) would be allowed to purchase the stake, the letter was reported to have said.

But Mr Oteng-Adjei has since rejected the claim, stating outright that Exxon's proposed deal had not been blocked.

Instead, the Ghanaian government is waiting for Kosmos and GNPC to resolve their differences over the sale, reports Bloomberg.

Following the successful resolution of these issues, foreign partners such as Exxon will be free to partner with GNPC on the giant Jubilee field, the energy minister added.

Improve the efficiency of your business and your fleet with the Esso account card

Posted by Matt HaskinsADNFCR-2675-ID-19606044-ADNFCR

Share |

Esso account card news: Exxon 'still free to bid on Ghanaian oil assets'