Political and economical considerations of oil companies investing in Angola - The case of the Sanawa Oil Company

Academic Paper from the year 2015 in the subject Business economics - Investment and Finance, grade: 12, Stuart School of Business Illinois, language: English, abstract: Sanawa Oil Company has experienced tremendous growth in the past few years. Under the leadership of Silvio De Binti, the company has succeeded to secure, explore and produce (E & P) contracts in the petroleum-producing developing countries. The firm has realized this growth despite the increasing prices of crude oil. However, the business was alleged to be involved in some illegal transactions that forced Silvio to resign from being the chief executive officer. As per the allegations, this company enticed individual governments to use force against a community that protested against lack of development from oil revenues. The accusations claimed that at least eight innocent civilians died in the crisis. The direct involvement in the loss of lives resulted in a loss of several billion dollars from Sanawa Oil Company. In light to this, the new CEO, Hazel Akua-Aba has an enormous task of restoring the company's reputation. Precisely, the firm needs to make significant business decisions within a short period to take advantage of the rising E & P opportunities.