Ghana factions manoeuvre to exploit US-China battle for Jubilee stake
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Issue 172
- 17 Oct 2009
| 4 minute read
ExxonMobil’s $4bn offer for Kosmos Energy’s stake in the Jubilee field has exposed major faultlines in the National Democratic Congress (NDC) government’s energy strategy. A faction within the ruling party is determined not to let the western supermajors get a stake in the potential 1.8bn bbl field, and China National Offshore Oil Corporation (CNOOC ) wants a slice
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