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Fight For Ghana's Oil: Exxon vs China

Comment: $10-15 BILLION FROM CHINA

Author:
NANA KWAME
Date:
2009-10-13 18:51:11
Comment to:
Go with China!


Folks, check the news on BBC. Guinea with all its current political and economic problems and a little oil has secured an infrastructure loan of about $7 billion from China.

In Ghana we have more oil and a conducive economic environment than Guinea. Why are we waisting our time on Exxon-Mobil offer of $4 billion without any big-picture loan for the economic development of the country.

I live in Washington DC. Exxon-Mobil is about generating more profits to pay dividends to shareholders and paying multi-million dollars bonuses to their corporate executives!

With our present oil finds, we could easily attract $20 billion from China to pay for the Kosmos stake of $4-5 billion and use the rest of the funds for Ghana's infrastructural development. Exxon-Mobil has no extraordinary expertise that cannot be found outside Exxon-Mobil!

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10-12 18:21
 
 
 
 
$10-15 BILLION FROM CHINA
NANA KWAME
10-13 18:51