Contango Trading pursues legal dispute with South Africa’s Strategic Fuel Fund
The French commodities trading company, controlled by Natixis bank, is unwilling to turn the page on the scandal involving a “fraudulent” oil purchase transaction.
27/04/2022 at 15h23, by Africa Business+
In March, documents seen by Africa Business+ show that Contango Trading, headed by Guillaume Genet, had filed “a tort claim [in South Africa] to preserve its rights and avoid the statute of limitations on the tort claim”.
Recommended articles
Energy
02/03/2022 at 17h51, by Africa Business+
DR Congo SNEL completes $375 million financing with Glencore
In return for repayments in kind, the state-owned power group has received the final tranche of funding...
Mines
18/02/2022 at 16h51, by Africa Business+
Mopani Mine: Zambia’s debt to Glencore reduced to $900m
The Zambian government committed to paying $1.5 billion when it bought the Mopani copper mine on credit...
Oil & Gas
02/12/2021 at 19h25, by Africa Business+
Akin Gump, Freshfields, Rothschild, advisers of Vitol-Vivo $2.3bn deal
The oil trader has taken over the company responsible for Shell’s distribution on the continent.
Oil & Gas
25/06/2021 at 15h42, by Africa Business+
Vitol and Totsa win fuel supply tender for Angola
Dutch company Vitol and French company Totsa were declared winners of the international tender launched...
Electricity
21/04/2021 at 17h33, by Africa Business+
Alexandre Roth of Norton Rose Fulbright help Natixis seal €326 million Vinci Energies deal in Benin
The manufacturer won a major contract to strengthen the electricity network in Cotonou.
Oil & Gas
23/06/2020 at 15h44, by Rémy Darras
Supply of hydrocarbons: Addis Ababa chooses Trafigura over Vitol in the search for ADNOC’s replacement
National importer Ethiopian Petroleum Supply Enterprise (EPSE) was forced to re-tender the contract...