south africa: Oil slick tars bigwigs
19.06.2003
Sharp new questions over conflicts of interest have emerged about the controversial private company that secured a "government-to-government" deal to buy Nigerian crude oil. Two weeks ago the Mail & Guardian reported that "South African Oil Company" (SAOC), a private company registered in the offshore tax-haven Cayman Islands, was still benefiting from a Nigerian state oil contract allocated in 1999 to "the Republic of South Africa" - though neither oil nor income flowed to this country.