Ivory Coast President to Meet Ghana Leader on Sea Border DisputeBaudelaire Mieu and Andres R. Martinez
The presidents of Ivory Coast and Ghana will meet Sunday in Geneva to discuss a maritime border dispute that may shift ownership of an oil-rich region.
Former United Nations Secretary-General Kofi Annan will lead the talks between Ivory Coast’s Alassane Ouattara and Ghana’s John Dramani Mahama at his foundation’s headquarters, Ouattara’s office said today in an e-mailed statement. Annan is from Ghana.
Ivory Coast wants the area in the Gulf of Guinea incorporated into its borders, allowing it to claim future oil production from the offshore TEN field, which Tullow Oil Plc operates. Ghana and Tullow say the deposit is located in Ghana and development won’t be affected by a ruling from a Hamburg-based tribunal April 25 to stop drilling new oil wells in the region.
The court ordered the two governments to meet and discuss the dispute as it works on a final ruling. They must present a report on May 25 to the court on what is being done to resolve the conflict. Tullow said on April 27 that production will start next year as planned at TEN.
TEN is located in the Gulf of Guinea, near Ghana’s largest field, Jubilee. About 100,000 barrels a day of oil are pumped from Jubilee, which Tullow operates.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- ‘No Cash’ Signs Everywhere Has Sweden Worried It's Gone Too Far
- European Stocks Falter After Asia Rally; Oil Rises: Markets Wrap
- Boom Turns to Bust for Millennials Across Advanced Economies
- How One of the Most Profitable Trades of the Last Few Years Blew Up in a Single Day
- Singapore Plans to Boost Goods and Services Tax to 9%