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Article

5 Sep 2004

Author:
Paul Lashmar, Rebecca John, Independent [UK]

Dollars for Guinea: how palms were greased by oil

The report [US Senate Sub Committee for Investigations report into Riggs Bank] has created critical publicity for the major US oil companies which operate in the West African state [Equatorial Guinea] - including Marathon Oil, Amerada Hess and ChevronTexaco, America's second-largest oil company. As one oil analyst commented: "What the report revealed is corporate behaviour by these oil companies more in tune with the buccaneering days of the early 20th century rather than the 21st century..." [also refers to Abayak, APEGESA, Triton Energy, BP]