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Kenya: New Push to Rein in Oil Firms
The Nation (Nairobi)
The Government yesterday stepped up its campaign on oil companies to lower pump prices.
And as the State did this through acting Energy minister Henry Obwocha, Ndhiwa MP Orwa Ojodeh took a motion to Parliament seeking permission to introduce a Bill that will amend the law to give the Government control over fuel prices.
Nigeria: Mobil Sued Over Tax Evasion
This Day (Lagos)
Akwa Ibom State government has instituted legal action against Mobil Producing Nigeria Unlimited and five of its executive directors over tax evasion.
Joined in the suit No. REU/2959/2006 were Mr Cyril Odu, Mr Udom Inoyo, Mr Isaac Komolafe, Mr Etta Amba and Mr Patrick Effiong, all Executive Directors of the oil major.
Bolivia: Foreign Investors Bow to Morales
Hal Weitzman in Lima
Foreign investors in Bolivia’s gas sector have bowed to the leftwing government’s nationalisation plan, agreeing to pay up to 82 per cent in tax, hand over control of commercialisation to the state and invest billions of dollars in the Andean country.
