Who is Puma Energy International (Singapore)?

By Anna Gerato Suckling

The 3 main shareholders have monopoly over Angola’s natural resources & have effectively sealed Angola’s Presidents dictatorship power.

Its old news that Puma Energy International bought out Inter Oil’s Napa Napa refinery for USD526 million in July this year but just who are they and why could the purchase be a strategic move? It is a fact that within 2 years of Puma Energy entering Angola the main partners of this company gained monopoly over all of Angola’s overseas oil sales & local distribution of fuel.
Privately held company Puma Energy (Singapore) is owned by the following corporations 1. Trafigura 2.Sonangol Holding LDA & 3.Cochan Holdings.

15% of the Swiss corporation Trafigura is owned by the infamously named “General Dino”. General Dino is one of the three ‘main’ partners that the president of Angola uses as his covers ups for his corrupt business dealings in Angola. Marc Gueniat a senior NGO researcher quotes "I am not aware of any other country where one company has such dominance on the oil imports as Trafigura has in Angola & it effectively has a monopoly to supply petroleum products in the country" (through its subsidiary companies DT Group & Pumangol which are both in partnerships with local companies Cochan & Sonangol).

Most of Trafigura's investments in Angola have been managed through a Singapore-registered company called DTS Holdings, also known as the DT Group, its local business partner is Cochan Holdings. The two directors of this entity are General Dino and Claude Dauphin, a French billionaire who helped found Trafigura and is today its chief executive officer. As the Berne Declaration noted: "While DTS Holdings is involved infrastructure, logistics and real estate, it is oil where the majority of its revenues are generated.

The group is party to a swap contract, which may be one of the largest in the world. They export unknown quantities of Angolan crude and in return, since 2009, have been supplying Angola with all of the oil-derivative products required to meet domestic demand." I pray PNG never enters into a swap contract of our LNG reserves; it’s very worrying when one sees conflicting info of shipments being exported for PNGLNG. Within 2 years of Trafigura entering Angola (in partnership with Cochan & Sonangol) it has effectively taken over most of its oil operations in Angola, as well the distribution of oil products in the country.

Sonangol Holding is owned by the state of Angola. Cochan Holdings is owned by state officials close to the president.

Further it should be noted that “LR Group” is business partners with all three of Puma Energies major shareholders in Angola & Angola's largest Agricultural company….Why is PO highly encouraging & facilitating LR Groups entry & business growth in PNG???


Main Articles cited (for full articles cited please ask):

*Sonangol is the largest company in Angola & ensures their corrupt presidents regime. The business is owned by henchmen under the president. These same henchmen also own all the media & telecommunication companies in Angola. Note also that these henchmen also bought majority shares in an overseas bank for ease of money laundering of stolen state funds overseas. If PO continues we are definitely headed further into this path. http://www.makaangola.org/wp-content/uploads/2012/04/PresidencyCorruption.pdf

*Trafigura monopoly of oil in Angola & Angola Govt/General Dino 15% shareholding. Includes DT Group & Pumangol company corrupt trading information in Angola.

http://www.foreignpolicy.com/articles/2014/02/12/the_750_million_dollar_man_trafigura_angola_general_dino
http://allafrica.com/stories/201301070616.html?fb_action_ids=10203642134608224&fb_action_types=og.shares&fb_source=aggregation&fb_aggregation_id=288381481237582

Popular posts from this blog

MARAPE & PAITA ABOUT TO SIGN AWAY PNG GOLD

HIGHLANDS FRAUD F*CKS RUNNING GOVERNMENT AGENCY,,,

Connect PNG Unveiled: A Tale of Ambition, Scandal, and the Quest for Accountability

James Marape's Missteps Openly Exposed at Australian Forum

PNG GOVERNMENT MINISTER IN PORN VIDEO

James Marape: A Complex Political Trajectory

IS THE PM'S WIFE INVOLVED IN LAND GRABBING?