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Article

22 May 2004

Author:
Ken Silverstein, Los Angeles Times

U.S. Investigates Oil Firms' Deals in West Africa [Equatorial Guinea]

Federal investigators have been looking into American oil companies' real estate dealings in Equatorial Guinea to determine whether they have improperly benefited the country's despotic ruler...Both firms [Marathon Oil, ExxonMobil] said their dealings in Equatorial Guinea had been proper and lawful...Interest in the land deals grew out of a money-laundering inquiry involving accounts held by Equatorial Guinea at Riggs Bank in Washington. [also refers to Abayak, ChevronTexaco, Devon Energy, Amerada Hess]