Petroleum Africa
Find us on: 
Friday, April 10, 2015
As Shell and BG announce their pending merger, the government of Gabon reports that it is considering levying a hefty fine on the latter in tax penalties. The West African nation’s oil minister, Etienne Ngoubou, said in a Wall Street Journal report that the government was conducting an audit on Shell’s operations and was considering making demands for back taxes.
The statement from Ngoubou prompted the UK’s Foreign and Commonwealth office to contact the Gabonese government to urge it to provide a better business atmosphere for UK businesses. It is said that the UK also discussed Gabon’s ongoing dispute with Tullow Oil over an oil field in the country.
Ngoubou said the amount of back taxes owed to the government by Shell would most likely not exceed $100 million.
“But the audit is not finished,” he said in an interview.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
