Elf verdict jails the guilty, but their bitter legacy remains
Conviction for embezzlement of three senior executives of the former French state oil company, Elf is a blow against corruption in the global oil industry
Republic of Congo: Is President’s son paying for designer shopping sprees with country’s oil money?
The son of the president of Republic of Congo appears to have spent hundreds of thousands of dollars of money that may derive from sales of state oil on lavish designer shopping sprees in Paris, Marbella and Dubai, while Congo remains one of the poorest and most indebted countries in the world.
Congo oil trading scandal implicates top government officials
since 2002 companies owned by oil boss Denis Gokana have bought at least US$472 million worth of oil from SNPC at significantly below-market prices, and then sold it on at a profit to independent traders.
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