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Fighting has continued to threaten oilfield security in South Sudan’s main oil producing states of Unity and Upper Nile in recent weeks, but production has remained more or less steady at about 165,000 b/d, according to oil industry sources. Government oil sales, meanwhile, have increased by 1m barrels a month. The government closed a tender on 7 May for the sale of 3.8m barrels of Dar Blend crude from Upper Nile. Four contracts were awarded: one of 600,000 barrels and three of 1m barrels. The 600,000-barrel contract was won by Glencore.

South Sudan
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The World Bank Group approved a total of $3.6bn in financing for renewable energy projects worldwide in FY2012, a record 44% share of its annual energy lending of $8.2bn

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US oil industry lobbying groups have filed a lawsuit against the Securities and Exchange Commission (SEC), seeking to overturn new transparency legislation

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Private equity has a growing role to play in developing African infrastructure and building up companies, but the going can be tough for fund managers looking to tap conventional investors who feel comfortable in North America, Europe and many Asian markets

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Rising concern that the government will use its revised mining law to obtain a bigger yield from investors on existing projects has been reflected in comments by AngloGold executive Gary Davies, who told Reuters that “those contracts should be honoured because they’ve made an investment for the long term”.

Tanzania
Issue 241 - 19 October 2012

Lake border talks break down

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Negotiations over the disputed lake border between Tanzania and Malawi have broken down, with Malawian officials telling their Tanzanian counterparts that they will pursue their cause before the International Court of Justice (ICJ) rather than continue talks to resolve the dispute.

Malawi | Tanzania
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The PDP is no longer all-powerful, but President Goodluck Jonathan has a mandate for change that should accelerate the pace of projects and the passing of modernising legislation – provided he and his new government are capable of implementing their policies, write Kevin Godier, Jon Marks and David Slater

Nigeria
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Oil and gas minister Abdulrahman Ben Yezza has reassured striking workers at Sirte Oil Company (SOC)’s Brega complex that the government will do what it takes to bring the security situation there under control.

Libya
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Growing political tensions across Sudan as the date for southern secession approaches are slowing international trade and risk-taking business, writes Kevin Godier

South Sudan | Sudan | Libya
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It all seems like business as usual. Australian Securities Exchange and Alternative Investment Market-listed Range Resources has announced a new financial agreement with its joint venture partner Canada-based Africa Oil Corporation (AOC), for a second exploration well due to be spudded by September. This will be included as part of AOC’s exploration commitments,which oblige it to spend $22.5m in Dharoor and Nugaal before Range reverts to a contributing basis. A Range company report says AOC has satisfied its commitments with regard to Dharoor, but still has around $15m to pay on Nugaal.

Somalia
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There is a growing international effort to revitalise the Southern African Power Pool (SAPP) as a key element in getting cross-border projects with a big regional impact off the ground. The World Bank is preparing a project to facilitate priority energy projects in the SAPP region. And the US Power Africa initiative – which is gaining momentum across the continent – has also made building up regional pools a priority. It is putting transaction advisers – embedded specialist consultants – into the SAPP, East African Power Pool (EAPP) and West African Power Pool (WAPP).

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The government has forecast an upturn in average production in 2021 to 344,000 b/d. This would be higher than the record 339,000 b/d produced in 2019 and would mark a recovery from 2020 when only 300,000 b/d was produced due to output declines in mature fields and the low level of investment.

Congo Brazzaville
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 It is far from a done deal, but the potentially transformative measures in Nigeria’s Petroleum Industry Bill (PIB) might eventually pass through the National Assembly this year. Nigerian National Petroleum Corporation (NNPC) chief financial officer Umar Ajiya told IHS Markit’s online CERAWeek event on 2 March that he hoped the PIB would reach the statute book “on or before the middle of this year”.

Nigeria
Issue 437 - 29 April 2021

Nigeria: Chinese permits restored

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President Muhammadu Buhari has reversed a government decision to revoke four oil permits from a unit of China Petroleum & Chemical Corporation (Sinopec). Buhari approved the restoration of the licences to Addax Petroleum Corporation, as part of his commitment to “the rule of law and sanctity of contracts”, spokesman Garba Shehu said in a 23 April statement to Bloomberg.

Nigeria
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Algeria can be a difficult jurisdiction, but Sonatrach’s termination of the Isarène E&P contract may not just be driven by aggressive resource nationalism, writes John Hamilton.

Algeria