Audio By Carbonatix
Oil exploration firm and Jubilee partner, Kosmos Energy is reported to have terminated its agreement to sell its Ghana stake to ExxonMobil.
The report published by Reuters news agency however provides very little information about where, how and when the decision was taken.
Country representatives of the company Joy Business have spoken to are however unable to confirm the story.
Kosmos wants to sell its stake in the Jubilee Field to ExxonMobil for a consideration of 4 billion dollars, a deal sternly opposed by the Government of Ghana.
Though the government in recent times appear to have softened its stance, it is yet to announce conclusions of a committee that was set up to consider a proposal put forward by ExxonMobil on how it will ensure the country benefits if it should be given the chance to take over from Kosmos.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Cutting off donor aid now would deepen health sector strain – Akwasi Acquah
8 minutes -
Asutifi North targets zero exam malpractice in BECE – DCE
28 minutes -
Atebubu-Amantin MP warns gov’t over food glut, dumsor crisis
32 minutes -
We are living on borrowed time – Oppong Nkrumah
37 minutes -
ECG invests GH¢1.11bn in Ashanti power upgrades to address supply fluctuations
41 minutes -
Greater Accra REGSEC begins demolition of illegal structures at Sakumo Ramsar site
44 minutes -
Ghana High Commission invites global investors to Ghana-UK Investment Summit 2026
47 minutes -
BoG’s financial position raises concerns over policy credibility – Dr Hene Aku Kwapong
50 minutes -
Ghana borrows GH¢20.48bn from Treasury bill auctions in April 2026
53 minutes -
Seven teachers arrested over BECE infractions
58 minutes -
World Bank launches strategy to transform West, Central Africa’s health systems
60 minutes -
Gold trading losses must be minimised – Joe JacksonÂ
1 hour -
Police investigate alleged murder of couple at Saki
1 hour -
Voluntary HIV testing urged in KadjebiÂ
1 hour -
Two cocoa PCs arrested for allegedly short-changing farmers
1 hour