Angola: Transparency Move Welcome but Serious Questions Remain
Article from: OGEL 2 (2004), in Good Governance
p>On May 13 2004, the Angolan government will reportedly formally disclose, for the first time, information about revenues that it will receive from a multinational oil company working in its country. The payments, totaling US$ 300 million, are to be made by US oil giant ChevronTexaco in a deal on a 20-year extension of Chevron's Block Zero concession in the north of Cabinda province. The deal is to be signed in Washington, DC as part of President dos Santos' visit to the US.