Ghanem steers NOC through period of diplomatic turbulence in Libya
NOC head Shukri Ghanem’s authority has been enhanced by his adroit steering of the Libyan parastatal through some very choppy waters following Muammar Qadhafi’s decision to radically overhaul government in his Jamahiriya. IOCs are still signing contracts while other foreign partners wait for Libya’s internal politics to work themselves out, writes John Hamilton, recently in Tripoli and Tunis.
more
NOC’s international policy
Its power is substantial, but Libya’s National Oil Corporation currently has no plans to extend its remit overseas according to the model established by Russia’s Gazprom and is now being enthusiastically followed by Algeria’s Sonatrach and in a smaller way by Tunisia’s Entreprise Tunisienne d’Activités Pétrolières (Etap). According to Tripoli sources, development of an international policy will be left to Libya Oil Holding Company (LOHC), the subsidiary of the Libya Africa Investment Portfolio (LAIP) and Libyan Investment Authority (LIA) formerly known as Tamoil Africa.
more
Issue 141 • 20 June, 2008
Equatorial Guinea gets tough in battle to maximise advantage before reserves run out
In publicly attacking its biggest oil producer and main gas buyer Gabriel Nguema Lima has given voice to concerns that pioneering contracts to develop the industry were too favourable to IOCs, but also that Malabo must do everything possible to maximise its returns as reserves dwindle, writes Jon Marks.
more
Yar’Adua pushes for Ogoni solution
To much fanfare, Nigerian President Umaru Musa Yar’Adua has announced plans to hand over Royal Dutch Shell’s interests in Ogoniland to Nigeria National Petroleum Corporation (NNPC) and bring them back into production.
more
Pressure grows on resources producers to export and supply fast-growing local markets
Data published in the latest BP Statistical Review of World Energy, and rendered into graphic form by African Energy’s David Burles, show how oil, gas and coal production is being increased by the continent’s major resources producers, but also how demand for these inputs is rising from increased domestic consumption as African economies grow.
more
MAP/TABLES: Development of supply and demand in the African energy industry
more
Sections
