Algeria: Sonatrach's latest scandal
On 30 July we reported that Sonatrach’s CEO, Abdelhamid Zerguine, had been sacked and replaced by Said Sahnoun, the former Vice President for Production. Sahnoun will be Sonatrach’s ninth CEO since...
View ArticleTanzania: 7 July Grenade attack in Arusha linked to a feud within the...
Menas Associates has learned from one of our sources in Arusha that the 7 July attack on the Verma Restaurant at Arusha’s Gymkhana Club may have been related to a feud within the Tanzanite gemstone...
View ArticleCameroon: Boko Haram abducts wife of President Paul Biya's security icon
Sunday 27 July was a prodigious day in Cameroon after Boko Haram’s unprecedented and deadly attack upon the homes of two key Cameroonian politicians in the country’s Far-North Region. Besides partially...
View ArticleCaspian Region: Assaubayev family acquisition sees Max Petroleum shares soar
Max Petroleum’s shares have soared in value since the 4 August announcement that the influential Assaubayev family is taking a majority stake in the company. It is hoped that the placing will raise £37...
View ArticleMozambique: 300 members of the opposition MDM party have defected in Nampula...
At least 300 members of the opposition MDM party have defected in Nampula Province because of an alleged lack of transparency in selecting candidates for MP.Senior MDM member Jose Manuel de Sousa has,...
View ArticleKenya: President Kenyatta to impose capital-gains and windfall tax...
Kenyan President, Uhuru Kenyatta, stated in a 2 August interview that Kenya will impose capital-gains and windfall taxes on oil, gas and mining companies within months to ensure the East African nation...
View ArticleSouth-East Asia: Washington hopes ASEAN Regional Forum can lower tensions in...
In a meeting with Southeast Asian nations this weekend, U.S. Secretary of State John Kerry will press for a voluntary freeze on actions aggravating territorial disputes in the South China Sea, in spite...
View ArticleChad to take CNPC to Paris arbitration court
Chad is reportedly making preparations to take China National Petroleum Corporation (CNPC) to an arbitration court in Paris after compensation talks stalled. Chad has levied a claim for US$1.2 billion...
View ArticleIraq: IOCs in Kurdistan region see shares retreat as non-essential staff...
The apparent stability and growing prosperity of Iraq’s more liberal and pro-business Kurdistan region has been undermined in recent weeks as Islamic State insurgents make significant advances into the...
View ArticleEgypt: American energy worker killed in apparent carjacking near Cairo
An American employee of Texas-based energy company Apache Corp has been killed in an apparent carjacking in the western Egyptian desert, officials said on 10 August."The victim was a long-time employee...
View ArticleDana Gas: Favourable ruling in Iran and Crescent Petroleum Tribunal
UAE-based energy firm Dana Gas has released a statement that an international tribunal has issued a favourable ruling in the dispute over a natural gas supply contract between Iran and Dana’s largest...
View ArticleTanzania: CHADEMA politician, Zitto Kabwe, to consider defecting to new party
Menas Associates understands that opposition politician Zitto Kabwe is considering announcing his defection from CHADEMA to a newly established party, the Alliance for Change and Transparency...
View ArticleIran ready to revive Nabucco pipeline project and supply gas to Europe
Iran’s Deputy Oil Minister for International Affairs has said that Iran is ready to supply Europe with gas via the previously aborted Nabucco pipeline, adding that two European countries have already...
View ArticleIraq: Talisman Energy Preparing Its Iraqi Kurdistan Assets For Sale
Talisman Energy, Canada's fifth largest independent oil and gas producer, said on 12 August that it still plans to sell all or a portion of its exploration properties in Iraq's Kurdistan region despite...
View ArticleMozambique: Amnesty allows Renamo leader, Alphonso Dhlaklama, to stand in...
Mozambique's parliament has approved an amnesty law that will allow Afonso Dhlaklama, leader of the opposition Renamo party, to leave his hideaway in the bush, sign a peace accord with President...
View ArticleLibya: House of Representatives begins it work
The newly elected House of Representatives pressed ahead as planned and held its opening session on 4 August in Tobruk. Around 158 members of the 188 representatives who have been elected to the house...
View ArticleEgypt: El-Sisi Announces New Mega-Project on the Suez Canal
President Abdel Fattah El-Sisi announced, 5 August, a new plan to build additional channels on the Suez Canal which would deepen and widen the current passageway and construct new channels to speed up...
View ArticleOil production at Iraqi Kurdistan's largest-producing oilfield is set to rise...
Oil production at Iraqi Kurdistan's largest-producing field is set to rise to as much as 140,000 b/d by the end of August despite the Islamic State’s advances into the region, the General Manager of...
View ArticleEgypt to reveal new "vision" for Ethiopia's Grand Renaissance Dam project at...
Tripartite discussions between Egypt, Ethiopia and Sudan over the future of Ethiopia’s planned Grand Renaissance Dam project are due to be held in Khartoum on 24 August.The project has been a source of...
View ArticleDevelopments in US$1.2 billion Chad-CNPC arbitration court hearing
The China National Petroleum Corporation (CNPC) has denied breaking environmental rules in Chad’s oil sector and demanded the Chadian government drops its US$1.2 billion claim at an arbitration court...
View ArticleLibya: Oil exports resume from Ras Lanuf and Es-Sider
Oil exports finally resumed this week from the eastern port of Ras Lanuf following one year of closure. On 12 August, a 670,000 barrel cargo left the port for Italy. The shipment was chartered by...
View ArticleKazakhstan: Kashagan restart unlikely until 2016
Kazakhstan’s new deputy energy minister, Uzakbay Karabalin, has told the media that the restart of commercial production at Kashagan is planned for 2016. In his view, this optimistic scenario foresees...
View ArticleMozambican parliament approves new Hydrocarbon Law
Mozambique’s long awaited petroleum law has been approved by the parliament with substantial amendments by MPs who argued that the changes will strengthen the role of the Mozambican state in oil and...
View ArticleCaspian: Bishkek looks to duty-free Kazakh oil
On 25 July, the Kyrgyz and Kazakh authorities conducted a new round of consultations in Bishkek about Kyrgyzstan’s forthcoming membership in the Eurasian Economic Union of Kazakhstan, Russia and...
View ArticleTanzania: BG exit rumours resurface
The near-perennial rumours that BG may sell its 60% stake share in Tanzania’s Offshore Block 3 have resurfaced this week. The Sunday Times reports that BG is quietly searching for a buyer and a sale is...
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