Axian, Rubis, Vivo, Total et al raise the stakes in Madagascar
In a document seen by Jeune Afrique Business+, Groupement pétrolier de Madagascar (GPM), a consortium of oil companies, condemns a government decree which fails to honour an agreement on their profit margins. They threaten to suspend customs clearances.
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▪ Axian, Rubis, Vivo, Total et al raise the stakes in Madagascar
▪ In a document seen by Jeune Afrique Business+, Groupement pétrolier de Madagascar (GPM), a consortium of oil companies, condemns a government decree which fails to honour an agreement on their profit margins. They threaten to suspend customs clearances.
▪ https://www.africabusinessplus.com/en/799048/axian-rubis-vivo-total-et-al-raise-the-stakes-in-madagascar/
Tensions are mounting between the Malagasy government and oil companies about prices at the petrol pump.
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