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The chairman of the US Congress’ House Financial Services Committee has introduced legislation that would require any oil, gas or mining company registered with the Securities and Exchange Commission (SEC) to disclose their payments to host governments.

Engineering services company Willbros Group has agreed to pay $32.3m to settle US investigations into the payment of bribes to officials in Nigeria and Ecuador in violation of the Foreign Corrupt Practices Act.

Nigerian Energy Regulatory Commission (Nersa) chair Ransome Owan on 21 May told Spintelligent’s Power Indaba conference in Cape Town that Nigeria’s new system for setting electricity tariffs will be introduced soon, so that revenue could be raised from its current sub-operating cost level.

Nigerian energy officials have taken important steps to move forward key policy goals, despite reports of delays and in-fighting across the Yar’Adua administration.

The latest initiative to revitalise Nigeria’s power infrastructure is on hold because of one of the many government investigations now under way, as President Yar’Adua’s government and parliamentarians tackle the darker side of their former sponsor Olusegun Obasanjo’s administration, writes Thalia Griffiths.

Created last year to operate as an indigenous investment bank, Lagos-based Africa Finance Corporation (AFC) enjoys strong Nigerian governmental support and has hired a group of leading

Nigerian National Petroleum Corporation (NNPC) general manager for refinery projects Sola Alabi has said Nigeria plans to introduce legislation to oblige international oil companies to refine a part of their crude production in the country.

Nigeria is to hold roadshows in Abuja, London and Singapore to publicise investment opportunities from the Gas Master Plan approved by president Umaru Musa Yar’Adua in February (AE 134/4).

USTDA, transport initiative; IDA financing; World Bank finance for regional project; Chinese loan

The deals signed during President Vladimir Putin’s working visit to Libya, discussed below in African Energy view, said much about the fast-evolving shape of global gas markets and strategy, in a similar vein to Gazprom’s interest in Nigerian operations and the planned Trans-Saharan Gas Pipeline (TSGP) to Algeria (AE 135/1).

The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

ANGOLA: Deutsche Bank loan for roads; BENIN: Ex-Im Bank supports turbine sales; NIGERIA: FirstBank diversifies with Brazilian import line

TULLOW: Hickey quits; ERHC ENERGY: Appointments

ANGOLA: CMIC contract for Luanda grid; KENYA: Bamburi Cement to increase biomass use; LIBERIA: Stanley to study Mount Coffee expansion; MOROCCO: Abdelmoumen STEP deadline; MOZAMBIQUE: EDM seeks bids to extend grid; NIGERIA: Chinese to build first coal-fired plant; TANZANIA: AfDB funding; UGANDA: French JV to supply Bujagali; UPDEA: European meeting to discuss reform study

Nigeria agreed to supply Ghana with 60,000 b/d of crude on a government-to-government basis, during talks in Abuja between President Umaru Musa Yar’Adua and his Ghanaian counterpart John Agyekum Kufuor.