Cobalt Says No Laws Broken After Report on Angolan Partner
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Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc. said it hasn’t broken any laws after the Financial Times reported Angolan officials own stakes in its local partner.
Cobalt began an investigation into its Angolan business relationships in 2007 and continues to maintain “rigorous due diligence” in its worldwide operations, according to a statement today.