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Posts on ‘November 1st, 2015’

Fugitive Oil Tycoon Kola Aluko Admits Paying UK Rent For Alison-Madueke’s Mother

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Screen Shot 2015-10-12 at 15.59.11BY SAHARAREPORTERS, NEW YORK: NOV 01, 2015

Kola Aluko, a Nigerian oil magnate now wanted in the UK for money laundering, has admitted that he paid rent for a high-end apartment for the mother of a former minister of Petroleum Resources, Diezani Alison-Madueke.

Mr. Aluko told the British Sunday Times newspaper that he was responsible for paying rent for Mrs. Beatrice Agama, the former minister’s mother. He also said he ensured that food was brought to the minister’s mother at the  St. John’s Wood property. Last month, a UK court approved the confiscation of funds belonging to Mrs. Agama. The court also authorized the seizure of funds belonging to Melanie Spencer, the wife of a Ghanaian oil tycoon, Kevin Okyere, implicated in the money laundering investigation involving the former minister.  read more

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Oil tycoon faces quiz over lost billions

Screen Shot 2015-09-17 at 07.55.40Article involving Diezani Alison-Madueke, former executive director of Shell in Nigeria read more

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Big Oil Gears Up For $60 Break-even Price As Profits Sink

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Gaurav SharmaOCT 31, 2015

The latest quarterly results season is receding into the accounting archives, with BP, Royal Dutch Shell, Chevron and the keenly anticipated numbers of Exxon Mobil now with us.

That lower oil prices continue to dent profits at the world’s biggest oil companies is no longer news. Figures on their often unloved downstream operations performing well bring a few smiles and keep detractors of the integrated model quieter than usual.

Take big beast Exxon, which reported quarterly profits of $4.24bn, down 47% on an annualized basis from the same quarter last year. Its profits from refining doubled to about $2bn, but upstream takings fell 79% to $1.4bn. Prior to Exxon, smaller rivals (e.g. – BP, Shell and Chevron) had all posted declines in headline quarterly profits earlier in the week. Yet read between the lines of the profit declines, and a common message on how to cope seems to be emerging. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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