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Cases: Global Case Collection
Business - Government Relations
Angola's Mislaid Billions
By 2001, more than US$1 billion per year of Angola's oil revenues had reportedly disappeared in each of the five previous years. Rich in natural resources, Angola was one of the world's poorest countries. With the end of the civil war in 2002, observers anticipated an investment boom in 2003-05, with the foreign oil companies operating there predicted to invest US$18 billion. This cases traces the bidding process followed by investors such as TotalFinaElf, BP, and ExxonMobil and what happened to the money involved.
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