Kilimanjaro strikes Cabinda deal

Sonangol

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Eoin O'Cinneide

 05 February 2013 08:24 GMT

Angolan state oil giant Sonangol has a fight on its hands for control of a block after a Canadian junior penned another agreement with a territory agitating for independence.

Calgary-based Kilimanjaro Capital said on Tuesday that it had struck the oil assignment agreement for onshore exploration with the Republic of Cabinda, a tiny territory ruled by Angola but with which it shares no land border.

Privately-held Kilimanjaro said its deal was also struck with the Front for the Liberation of the Enclave of Cabinda (FLEC) and the ensuing licence “becomes fully active upon international recognition of the Republic of Cabinda”.

The deal with Cabinda authorities, who operate in absentia from France and neighbouring Congo (also known as Congo-Brazzaville), puts Kilimanjaro at loggerheads with Sonangol as it claims to grant the…

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