Ghana May Block $4B ExxonMobil, Kosmos Deal

Law360, New York (February 9, 2010, 6:09 PM EST) -- A cloud of confusion has enveloped Exxon Mobil Corp.'s proposed $4 billion purchase of Kosmos Energy LLC's stake in an oil field off the coast of Ghana, with contradictory reports coming in over whether Ghana's government will block the deal.

On Tuesday, the Wall Street Journal reported that Ghanaian Energy Minister Joe Oteng-Adjei had sent a letter to Exxon Mobil informing it that the deal with Kosmos wouldn't receive government approval.

The government is “unable to support an Exxon Mobil acquisition of Kosmos' Ghana assets,” the...
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