The United States on Thursday hit oil giant ExxonMobil with a $2 million fine for violating Ukraine-related sanctions, at a time when Secretary of State Rex Tillerson was still in charge of the company. The Treasury Department said Exxon had business dealings with Igor Sechin, president of Russian state energy company Rosneft, who was blacklisted … Read more
South Africa’s credit rating has been cut to junk status by the ratings agency S&P Global. The agency said that political upheaval, including the recent sacking of finance minister Pravin Gordhan, was endangering the economy. S&P also expressed concern over government debt, and in particular the expense of supporting the state energy firm Eskom. The … Read more
South Africa’s credit rating has been cut to junk status by the ratings agency S&P Global. The agency said that political upheaval, including the recent sacking of finance minister Pravin Gordhan, was endangering the economy. S&P also expressed concern over government debt, and in particular the expense of supporting the state energy firm Eskom. The … Read more
South Africa’s credit rating has been cut to junk status by the ratings agency S&P Global. The agency said that political upheaval, including the recent sacking of finance minister Pravin Gordhan, was endangering the economy. S&P also expressed concern over government debt, and in particular the expense of supporting the state energy firm Eskom. The … Read more
Saudi Arabia’s Aramco will invest $7 billion in a giant Malaysian oil refinery project, Prime Minister Najib Razak said Monday, as he declared ties with the kingdom were “at an all-time high”. The deal between Aramco and Malaysia’s Petronas for the $27 billion project will be signed on Tuesday, the prime minister said. “This is … Read more
Ghana’s Minister of Power, Kwabena Donkor signed a deal with Umar Farooq Zahoor from Oslo who is wanted by Norwegian, Swiss police and Interpol for spectacular acts of fraud committed within the last ten years. The deal is worth 510 million dollars. According to reports from the Norwegian newspaper Verdens Gang, Kwabena Donkor confirmed that … Read more