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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