popular articles

Bourbon defends itself against accusations of corruption in Nigeria

Bourbon executives deny any involvement in corruption in Nigeria, blaming their local partner.
Affaire Corruption Bourbon Nigeria

Please share:

The management of French oil and gas group Bourbon has denied having bribed Nigerian tax officials to reduce a tax reassessment. Eight current and former Group executives are appearing before the Marseilles Criminal Court for corruption charges in Nigeria, Equatorial Guinea and Cameroon. According to the prosecution, $2.7 million was paid in 2012 to Nigerian tax auditors to reduce a tax reassessment from $227 million to $4.1 million.

Liability returned to Intels

Bourbon claims that negotiations with the Nigerian tax authorities were delegated to their local partner, Intels, a subsidiary of the Orleaninvest group. Intels had set up two companies in joint venture with Bourbon: Bourbon Interoil Nigeria Limited (BINL) and Bourbon Offshore Interoil Nigeria Service Limited (BOINSL). At the trial, Gaël Bodénès, then Deputy Chief Operating Officer and now Bourbon’s number 1, expressed his regret that “[h]is instructions had not been followed”. He stated that he had given no instructions to approve bribe payments.

Managers’ reactions

Christian Lefèvre, former Managing Director of Bourbon, assured us that he was opposed to any form of corruption. His first reaction, he said, was “there’s no way Bourbon would be involved in this kind of request”. However, none of the executives mentioned having given explicit instructions to prevent suspicious payments. Laurent Renard, former Chief Financial Officer, also denied any involvement, stressing that he had no power over Intels.

Exchange of compromising e-mails

Email exchanges between Marc Cherqui, Bourbon’s tax director in Lagos, and other company executives were presented as evidence. These e-mails suggest corruption in progress. In his testimony, Rodolphe Bouchet, Director of Bourbon Marine and Logistics, referred to e-mails concerning a bribe of two million euros. Gaël Bodénès justified his lack of reaction to these e-mails by saying that he was managing a kidnapping crisis involving Bourbon sailors.

The defense of Bourbon

Bourbon’s executives maintain that the company has paid what it owes to the Nigerian tax authorities, without resorting to illegal means. They maintain that if any funds have been paid out, this is the responsibility of Intels, a group with great local influence. The court will examine allegations of corruption in Cameroon and Equatorial Guinea over the coming days, with an indictment expected on Tuesday.
Bourbon vigorously defends itself against accusations of corruption, placing the blame on its local partner, Intels. Perhaps the next few days of the trial will shed more light on the practices of the company and its partners in Africa.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Sinopec has identified over 140 mn tonnes of proven reserves in the Jiyang Basin, marking the largest certified shale oil discovery in China.
Boaz Energy II has completed the sale of its oil properties and trust units to T2S Permian Acquisition II, refocusing its operations while maintaining administrative continuity of the PermRock Royalty Trust.
Boaz Energy II has completed the sale of its oil properties and trust units to T2S Permian Acquisition II, refocusing its operations while maintaining administrative continuity of the PermRock Royalty Trust.
Offshore oil group Awilco Drilling PLC enters ex-dividend period on 1 April, marking the detachment of a USD 2.06 per share payment, amid significant cash returns to shareholders.
Offshore oil group Awilco Drilling PLC enters ex-dividend period on 1 April, marking the detachment of a USD 2.06 per share payment, amid significant cash returns to shareholders.
After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.
After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.
The Nigerian national oil company, NNPC, is finalizing the last steps toward its highly anticipated stock market listing, mobilizing investors and financial institutions for what promises to be a pivotal moment in Africa’s energy market.
Repsol’s Chief Executive said the company is exploring options with US authorities to remain active in Venezuela following Washington’s decision to end sanctions waivers.
Repsol’s Chief Executive said the company is exploring options with US authorities to remain active in Venezuela following Washington’s decision to end sanctions waivers.
CNOOC Limited has announced the discovery of the Huizhou 19-6 oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes of oil equivalent.
CNOOC Limited has announced the discovery of the Huizhou 19-6 oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes of oil equivalent.
PetroChina posts record net profit in 2024, driven by rising oil and gas volumes and expanded refining and distribution operations.
PetroChina posts record net profit in 2024, driven by rising oil and gas volumes and expanded refining and distribution operations.
EACOP has confirmed the closure of an initial tranche of external financing for its 1,443 km pipeline, as several NGOs urge participating banks to withdraw from the project.
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.
The US Energy Information Administration reported an unexpected decline in crude oil inventories, reversing analysts' forecasts of an increase, with immediate effects on crude prices.
The US Energy Information Administration reported an unexpected decline in crude oil inventories, reversing analysts' forecasts of an increase, with immediate effects on crude prices.
Cut off from Iranian energy imports by Washington, Iraq accelerates commercial efforts in Africa while resuming oil exports through Turkey to quickly secure new economic and energy markets.
Cut off from Iranian energy imports by Washington, Iraq accelerates commercial efforts in Africa while resuming oil exports through Turkey to quickly secure new economic and energy markets.
Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.
US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.
Senator Yannick Jadot appears in court in Paris for defamation after accusing TotalEnergies of being “an accomplice to war crimes” due to its presence in Russia in 2022.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The South African government is intensifying efforts to exploit its vast oil and gas reserves to stimulate national economic growth and boost public revenue.
The South African government is intensifying efforts to exploit its vast oil and gas reserves to stimulate national economic growth and boost public revenue.
Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
US commercial oil stocks increased by 1.7 million barrels last week, a figure higher than forecasts, according to the US Energy Information Administration (EIA).
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.

Advertising