ANNOUNCEMENT


Worship with us @ Mountain of Fire Miracles Ministries, Budapest, Hungary Address: 1081 Bp II János Pál Pápa tér 2 (formerly Köztársaság tér) Direction: From Blaha, take tram 28, 28A, 37, 37A, 62...1 stop. From the traffic light cross to the other side... Or take Metro 4 & get off @ János Pál Pápa tér
Time of worship: Wednesdays @ 18:30 hr Sundays @ 10:30 hr
Tel: +36 203819155 or +36 202016005

God bless


Wednesday 11 January 2012

NEWS & REPORT

 ‘Kwame Nkrumah’ sold to U.S. corporation for $750 million


Jan. 10 (GIN) – As feared, Ghana’s oil facilities are being sold to the highest bidder following the discovery of the precious substance over the past decade. This week it was reported that a Floating Production Storage Offloading vessel – named Kwame Nkrumah – was sold to a consortium of oil dealers, mostly American.


The ship is valued at $750 million, the news agency reported,
Although Ghana has a piece of the Jubilee consortium, it has a mere 13% compared to 23% for partner Kosmos Energy, 23% for Anadarko Petroleum Corporation , 36% for Tullow Oil plc and 3% for Sabre Oil & Gas Holdings Ltd.

In a related development, Samuel Okudjato Ablakwa in the Information Ministry, acknowledged that Ghana’s debt payment between 2009 and 2011 (642 million Ghana cedis) exceeded oil revenues of 506 million cedis. Analysts on the website Ghana Oil Info concluded: “the nation has not benefited from its oil find since all revenue it derived was used to compensate individuals and companies… Irrespective of how bright the oil industry looks, there will be no significant economic benefit to the local population if this situation persists.”

The Kwame Nkrumah can process 120,000 barrels of oil per day and has storage capacity of 1.6 million barrels. It was not known at press time whether the new owners would re-name the vessel.

Meanwhile, a feud is simmering between Ghana and neighbor Ivory Coast over that country’s claims to some of Ghana’s jubilee oil fields. A new maritime board mapped out by President Allasane Ouattara justifies the claim to the fields which hold about a billion-barrel discovery. Life Of Congolese Nationalist Leader And First President Recalled


Saharareporters

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Editor's Mail

Love the article on Gaddafi
We must rise above tribalism & divide & rule of the colonialist who stole & looted our treasure & planted their puppets to lord it over us..they alone can decide on whosoever is performing & the one that is corrupt..but the most corrupt nations are the western countries that plunder the resources of other nations & make them poorer & aid the rulers to steal & keep such ill gotten wealth in their country..yemen,syria etc have killed more than gadhafi but its not A̷̷̴ good investment for the west(this is laughable)because oil is not in these countries..when obasanjo annihilated the odi people in rivers state, they looked away because its in their favour & interest..one day! Samosa Iyoha

Hello from
Johannesburg
I was amazed to find a website for Africans in Hungary.
Looks like you have quite a community there. Here in SA we have some three million Zimbabweans living in exile and not much sign of going home ... but in Hungary??? Hope to meet you on one of my trips to Europe; was in Steirmark Austria near the Hungarian border earlier this month. Every good wish for 2011. Geoff in Jo'burg

I'm impressed by
ANH work but...
Interesting interview...
I think from what have been said, the Nigerian embassy here seem to be more concern about its nationals than we are for ourselves. Our complete disregard for the laws of Hungary isn't going to help Nigeria's image or going to promote what the Embassy is trying to showcase. So if the journalists could zoom-in more focus on Nigerians living, working and studying here in Hungary than scrutinizing the embassy and its every move, i think it would be of tremendous help to the embassy serving its nationals better and create more awareness about where we live . Taking the issues of illicit drugs and forged documents as typical examples.. there are so many cases of Nigerians been involved. But i am yet to read of it in e.news. So i think if only you and your journalists could write more about it and follow up on the stories i think it will make our nationals more aware of what to expect. I wouldn't say i am not impressed with your work but you need to be more of a two way street rather than a one way street . Keep up the good work... Sylvia

My comment to the interview with his excellency Mr. Adedotun Adenrele Adepoju CDA a.i--

He is an intelligent man. He spoke well on the issues! Thanks to Mr Hakeem Babalola for the interview it contains some expedient information.. B.Ayo Adams click to read editor's mail
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