Total reports $200 mln paid to Angola
Angola SONY DSC
In June 2017, the Angolan Finance Ministry reached agreements with Total and other IOCs operating in the country to resolve “definitively and totally” tax issues in exchange for payments to the government.
“In order to conclude this agreement, the will and flexibility of the parties, especially the companies, was fundamental with a view to stabilising and effectively regulating the operation of the oil industry, with a solid basis and a guarantee of certainty between operators and institutions,” the ministry said in a statement at the time.
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