Contango Trading to return oil acquired “fraudulently” from the South African Fuel Fund
The commodities trading company has received $104 million from the state-owned entity in charge of managing the country’s crude oil inventories.
Someone shares this article with you
▪ Contango Trading to return oil acquired “fraudulently” from the South African Fuel Fund
▪ The commodities trading company has received $104 million from the state-owned entity in charge of managing the country’s crude oil inventories.
▪ https://www.africabusinessplus.com/en/807839/contango-trading-to-return-oil-acquired-fraudulently-from-the-south-african-fuel-fund/
Unlike its Swiss competitor Glencore, which decided to return all the oil acquired from the former management team of the Strategic Fuel Fund Association of South Africa (SFF), Contago Trading, a subsidiary of the French Natixis, continues to claim the validity of “part of the transaction” closed in December 2015.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Oil & Gas
30/05/2023 at 16h16, by Africa Business+
RD Congo: Didier Bidimbu Ntubuanga reappoints Authentix to mark hydrocarbons
The system chemically marks petroleum products from the Democratic Republic of Congo to limit smuggling...
Oil & Gas
24/02/2023 at 17h35, by Africa Business+
How Eni will replace Russian gas imports with African gas imports, mainly from Algeria
Eni, the Italian hydrocarbon giant, intends to replace Russian gas imports with supplies from countries...
Oil & Gas
14/12/2022 at 14h54, by Africa Business+
Angola : Afentra CEO Paul McDade expects INA and Sonangol solution by early in the New Year
The former Tullow executive’s junior company is still in discussions with the local state-owned company...
Oil & Gas
26/10/2022 at 16h00, by Africa Business+
Vaalco CEO George Maxwell: “We will maximise production in Egypt and Gabon. »
The head of the Texas-based oil junior told Africa Business+ about the recent merger with Transglobe...
Energy
16/09/2022 at 07h50, by Africa Business+
Deliberations suspended in Associated Energy case against Egypt
At the heart of the case is the aviation fuel provider’s decision to summon two Egyptian parties under...
Oil & Gas
12/05/2022 at 15h21, by Africa Business+
Dieudonné Bougne prepares for Bocom expansion
The Cameroonian businessman is considering a plan to expand his storage sites in parallel with extending...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.