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Government denies media reports on EO Group

Government has denied reports in sections of the Media that it has abandoned the on-going investigations regarding the EO Group, and that in exchange government had received reparation from the Group.

The denial was contained in a statement signed by Dr. Joe Oteng Agyei, Minister of Energy, and copied to Ghana News Agency on Tuesday.

It explained that “what has taken place is government’s consent for Tullow Oil to enter into contractual agreements with the EO Group for an eventual takeover of the latter’s shares in the Jubilee Oil Field.”

The statement said the transaction did not in any way indemnify the EO Group from on-going criminal investigations, which could lead to possible criminal prosecution.

It said that President John Evans Atta Mills will not undermine the national interest and remain committed to the fight against corruption.

http://www.ghanabusinessnews.com/2011/07/27/government-denies-media-reports-on-eo-group/

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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