Gabon Asserts Sovereignty, Overrides $1.3 Billion Oil Agreement with French Firm
In an intriguing new development, Gabon, a Central African country, has taken over the oil business, effectively overriding an existing $1.3 billion agreement with a French energy company. The international legal community has largely supported Gabon’s move, with legal experts involved stipulating that Gabon is within its rights to assume control of the oil company,…