state oil
US Oil Firm Halliburton To Pay $30 Mn To Settle Angola Bribery Case
Oil field services giant Halliburton will pay nearly $30 million to resolve allegations of bribery in Angola, US...
US Moves To Seize $140 Mn From Nigerian Oil Corruption
US officials said Friday they plan to confiscate $144 million in corruption-tainted assets of Nigerian oil executives...
Brazil’s Ex-President Lula Convicted of Corruption
Former Brazilian President Luiz Inacio Lula da Silva has been convicted of corruption charges and sentenced to nine and...
Chad Leader Says Glencore Oil Contract Was Irresponsible
Chad President Idriss Deby said Sunday his country had been "irresponsible" in striking oil for cash deals with Swiss...
Saudi King Appoints His 31-Year-Old Son As Crown Prince Over Cousin
Mohammed bin Salman has been promoted to crown prince and heir to the throne of Saudi Arabia in a shock move by King...
Brazil President Seeks Suspension of Corruption Investigation
Brazil's President Michel Temer has said he will ask the Supreme Court to suspend an investigation against him, because...
Brazil President Michel Temer Faces New Corruption Accusations
Brazilian President Michel Temer has taken millions of dollars in bribes since 2010, according to testimony released by...
Saudi Deficit Plunges After Cuts, Oil Revenue Surge
Saudi Arabia's budget deficit dropped by 71 percent in the first quarter of the year, the government said Thursday,...
Brazil’s Ex-President Lula Questioned Over Corruption
The former Brazilian President, Luiz Inacio Lula da Silva, has given evidence before the country's top anti-corruption...
Top Saudi Royal Rules Out Rapprochement With Iran
A powerful Saudi royal said Tuesday that there could be no rapprochement between his country and Iran, which he said...
US Businesses Getting Hammered By Venezuela Crisis
The political and economic crisis in Venezuela is costing US companies dearly, as General Motors can attest following...
Brazil Graft Probe Focuses On World Cup Football Stadiums
Testimony released by the Brazilian Supreme Court alleges that builders and politicians illegally profited from the...
Brazil Corruption: Eight Cabinet Ministers Named In Petrobras Probe
Brazil has been rocked by dramatic new corruption allegations after a judge ordered investigations into eight cabinet...
UK To Open Money Laundering Trial of Ex-Nigerian Oil Minister In June
The trial of a former Petroleum Minister of Nigeria, Diezani Alison-Madueke, has been scheduled for June this year,...
Angola Says Portugal Decision To Charge Vice President A ‘serious Attack’
Angola said on Friday that Portugal's decision to charge its Vice President Manuel Vicente with corruption and money...
Nigeria Court Grants Forfeiture of Over $150m Linked To Former Oil Minister
A Federal High Court in Nigeria’s commercial capital, Lagos, on Thursday issued an order allowing the country’s...
‘Diverted Oil Cash’ Forfeited To Nigerian Govt
A court on Thursday ordered $153.3 million allegedly diverted by Nigeria's former oil minister Diezani Alison-Madueke...
Angola VP Manuel Vicente ‘to Face Portugal Corruption Charges’
Portuguese state prosecutors are bringing corruption charges against Angola's vice-president Manuel Vicente. The...
Angolan Vice-President Faces Corruption Charges In Portugal
Portuguese prosecutors are bringing charges of corruption, money-laundering and forgery against Angolan Vice-president...