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London-based oil-mercenary company marches into Libya
Oil and private military/mercenary company Heritage has muscled its way into Libya. The London-based oil company is the first new foreign oil company to buy its way into Libya, after acquiring a controlling 51% stake in Sahara Oil Services – which apparently brings the right to bid for and operate oil and gas licenses in…
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Uganda demands end to oil clause that freezes weak regulation
The Ugandan government is insisting that British oil company Tullow Oil, France’s Total and Chinese group CNOOC drop the stabilisation clause from their oil contract of Lake Albert before approving the $10 billion oil project. The original contracts were leaked by PLATFORM in 2010. Meanwhile Ugandan opposition MPs are unhappy that Museveni’s government allowed disputes…
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Crackdown intensifies in oil region – Shell pledges to keep paying Syrian regime
The crackdown on the Syrian uprising has intensified in the eastern oil region around Deir Az-Zour. According to the FT, The towns of Mayadin and Burhama were attacked on Wednesday, according to the Local Co-ordination Committees, an activist group, with tanks and machine guns used during mass arrest campaigns. Another local resident said she had…
