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New order, new deals

Asian companies face new rules and new relationships in Africa’s most prolific but politically complex oil producer

Reforms in Nigeria’s oil sector, promised by Minister of State for Oil Odein Ajumogobia, will mean that some of the multibillion dollar deals with Asian companies will be reviewed (Africa Confidential Vol 48 Nos 16 & 18). Privately, officials say the review will include a consideration of some of the relationships that President Olusegun Obasanjo’s government had cultivated. Officials are reassessing several agreements, including one financing deal for infrastructure previously hailed as indicative of the greater commitment to infrastructure development offered by Chinese companies....

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