The latest news from Africa Energy Intelligence

If this email is not displayed properly,click here

N°703 Paris, 07/16/2013 Subscribe  | Country Channels Benjamin Augé AFRICA Editor in Chief IFC a driving force in African oil Discreet as they are, the International Finance Corporation's bankers count among the most influential forces in the African petroleum world. No local company or major project can be mounted in Africa without the IFC, the private investment arm of the World Bank, somehow being involved in one manner or another. (...)           GABON Addax negotiates with Ngoubou    A raft of executives from Addax Petroleum turned up in early July in Libreville for talks with oil minister Etienne Ngoubou to reach a global accord between the two sides. (...)        MALAWI/TANZANIA Surestream tripped up by politics     Oil exploration in Lake Malawi has been disrupted by a difference over sovereignty between Tanzania and Malawi. But a new high profile mediator has stepped in. (...)      ANGOLA/CONGO-K Kinshasa gets nowhere on JIZ     A consulting firm run by a former executive of SNAM (ENI group) plays a key role in negotiations on the joint interest zone (JIZ) between Kinshasa and Luanda. (...)    BURKINA FASO/IVORY COAST Spotlight on CI-Trapil's project     A new network of oil pipelines has begun to carry oil products to Ivory Coast's hinterland. The facility could push on to Burkina Faso by 2017. (...)    SOUTH SUDAN A lot of suitors for block B     South Sudan's wish to carve Total's block B into three distinct licenses has aroused the interest of other majors but also of small operators. (...)    MADAGASCAR Quiet headway for Madagascar Oil     The new bosses of Madagascar Oil are quietly developing their heavy oil project at Tsimiroro without drawing attention to themselves. (...)    GHANA ENI pushes ahead on Sankofa     Africa Energy Intelligence understands Italy's ENI submitted a first draft of a development plan for its Sankofa gas field (on the Offshore Cape Three Points licence) to Ghana's energy ministry in early July. (...)    MAURITANIA Roadblocks lifted for Banda     Mauritania's oil and energy ministry is moving ahead slowly but surely on the development of the Banda gas field and the power plants it will supply. (...)    CONGO-K What's to become of Perenco's gas?     The Franco-British oil company has set out to assess the gas reserves of its onshore concessions in coming months. The question is whether to liquefy it or increase power production. (...)    Abuja/Accra    WAGP back in business    ALGERIA Energy pact with EU     To make no mistake about the importance of an Algeria/European Union energy pact, the president of the EU Commission, Jose Barroso himself turned up in Algeria on July 7 to ink an agreement with Algerian prime minister Abdelmalek Sellal. (...)    NIGERIA Brussels wants to stop flaring     A new priority of the European Commission is to make better use of gas' potential to generate electricity. (...)    ETHIOPIA Renaissance leaves diaspora cold     Efforts by Addis Ababa to get Ethiopians living abroad to help finance a huge dam seem to be falling flat. (...)    SOUTH AFRICA Ben Martins     South Africa energy minister Elisabeth Dipuo Peters was shifted to the transport department in a government shuffle on July 9. (...)    GABON Godson Njoku     The managing director of Shell Gabon, British national Adrian Drewett, stepped down at a ceremony between oil companies and local authorities on July 1. (...)      KENYA Joseph Njoroge     The new secretary-general of Kenya's oil and energy ministery is a familiar face in the industry. Joseph Njoroge had served previously as managing director of the national power utility Kenya Power & Lighting Co (KPLC), where he has been replaced by the human resources and administration director, Ben Chumo. (...)      NAMIBIA Matthew Taylor     The resignation of the chairman of Chariot Oil & Gas, Philip Loader, who left to take up the post of deputy chairman of Australia'sWoodside in charge of exploration, shuffles the deck on the board of the junior operating in Namibia, Morocco and Mauritania. (...)    TANZANIA TPDC      LIBYA NOC      KENYA NOCK    AFRICA/UNITED STATES Washington's favourites     American president Barack Obama didn't arrive empty-handed during his recent African tour of Senegal, South Africa and Tanzania (between June 27-July 2). (...)    SOUTH SUDAN Oil legislation put back     The third reading of a bill on oil revenue named "Petroleum Revenue Management Bill" was adjourned on July 10 after a stormy meeting in South Sudan's parliament. (...)      UGANDA Thumbs down for Refinery     The inhabitants of the Kabaale area in Hoima district, where a 30,000 bpd refinery ordered by president Yoweri Museveni is to be built, are protesting over negotiations on the sale (...)      GABON Obangue works won't give in     The 85 workers on the Obangue oilfield operated in the past by Addax and requisitioned last December by the state, won't give up their fight. (...)    CAMEROON Mishcon de Reya      AFRICA Erinys      NORTH AFRICA Herbert Smith    ALGERIA Tug-of-war with Petroceltic     An Algerian businessman who specializes in advising foreign companies, Seghir Maza, worked in 2004 on behalf of the Petroceltic oil company headed at the time by John Craven. (...)      IVORY COAST Major credit line for SIR     France's Societe Generale bank and the International Finance Corp., a private investment arm of the World Bank, are preparing to set up a credit line worth $300 million for Societe (...)      KENYA $550 million for grid     Kenya is putting together a big loan to improve the performance and coverage of its power grid in the country's leading urban centres. (...)    UGANDA Syndicated loan for Umeme     Barely six months after raising $66 million in a share issue (>AEI 687), the private Umeme concern which manages power distribution in Uganda, has put out a new call to capital ma (...)    Brazzaville Christophe de Margerie    Beijing Amama Mbabazi    Brussels Youcef Yousfi

My account Subscribe Contact us Version française

Copyright Indigo Publications - all rights reserved

To stop receiving this summary, click here