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GEORGETOWN, Guyana (Reuters) – U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, drug trafficking and gold smuggling, according to five people with knowledge of the matter and two intelligence reports seen by Reuters.
The Texas-based oil giant ignored the advice, which was delivered during meetings in late 2021 and early 2022, and cut a deal to build a $300 million onshore logistics base with a consortium that included the two Guyanese businessmen, Nazar Mohamed and his son, Azruddin. Exxon announced the contract award in April 2022.
The Mohameds have close ties with Guyana’s president and some cabinet members, according to one of the U.S. intelligence reports and three sources with knowledge of their relationships. The government controls access to vast and newly discovered oil reserves off the South American nation’s coast. The Mohameds, owners of Mohamed’s Enterprise, had mostly focused on gold mining and foreign currency exchange before expanding into the oil business in recent years and securing the lucrative deal with Exxon.
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The Texas-based oil giant ignored the advice, which was delivered during meetings in late 2021 and early 2022, and cut a deal to build a $300 million onshore logistics base with a consortium that included the two Guyanese businessmen, Nazar Mohamed and his son, Azruddin. Exxon announced the contract award in April 2022.
The Mohameds have close ties with Guyana’s president and some cabinet members, according to one of the U.S. intelligence reports and three sources with knowledge of their relationships. The government controls access to vast and newly discovered oil reserves off the South American nation’s coast. The Mohameds, owners of Mohamed’s Enterprise, had mostly focused on gold mining and foreign currency exchange before expanding into the oil business in recent years and securing the lucrative deal with Exxon.
Full story:
U.S. Probing Exxon Contractor In Guyana For Smuggling Drugs, Gold
GEORGETOWN, Guyana (Reuters) – U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, drug...
gcaptain.com
