Africa: Tracing the Oil Money

Sep 16, 2014 | AllAfrica
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From 2011 to 2013, the governments of [ten oil-producing African countries] sold over 2.3 billion barrels of oil. These sales, worth more than $250 billion, equal a staggering 56 percent of their combined government revenues. But, reveals a new report from Swiss and international nongovernmental organizations, there is little transparency about these sales, a quarter of which were made to littleknown Swiss trading companies.