Friday, 30 March 2018

ExxonMobil Liberian oil deal went ahead despite anti-corruption concerns

Complex financial arrangement moved rights to a Liberian oil block twice on one day, after worries over original allocation of rights

ExxonMobil worked with a company connected to a senior Conservative party figure to transfer an oil asset in Liberia despite “concern over issues regarding US anti-corruption laws”, the Guardian can reveal.

Documents seen by the Guardian show that ExxonMobil proposed a complex financial arrangement to move the rights to a Liberian oil block through two financial transactions on the same day, after concerns were raised about the original allocation of the rights.

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from US news | The Guardian https://ift.tt/2J45PIG

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