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Issue 230 - 04 May 2012

Egypt cancels Israel gas contract

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It was presented by Cairo as a purely business matter when Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (Egas) in late April cancelled their 20-year gas supply contract with Israel, claiming pipeline operator East Mediterranean Gas Company (EMG) had not paid Egas for four months.

Egypt
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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.

Nigeria
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IOCs and consumer governments are indulging in intense speculation about Gazprom’s Nigerian love-in, with indications that Moscow might also revive co-operation with Algeria and invest big in several other African gas plays.

Nigeria | Algeria
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Plans are moving ahead for the most radical overhaul of Nigeria’s hydrocarbons industry in 40 years, according to the draft report seen by Our Gulf of Guinea Correspondent. Also in African Energy, Eleanor Gillespie in Abuja and Leonard Lawal in Lagos report on joint ventures and other aspects of the reform promised across the industry, which may not be to the taste of many IOCs but fulfill a need for real change in Nigeria.

Nigeria
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Algerian leaders have been enjoying the extent to which markets have shifted since Russia’s invasion of Ukraine, allowing Sonatrach to deflect any downside from the Maghreb-Europe Gas Pipeline (GME)’s closure as it redirects gas away from Spain to other more favoured European partners – all the while maintaining the regime’s traditionally strong strategic relationship with Russia. As widely predicted, Italy is the major initial beneficiary.

Algeria
Issue 377 - 28 September 2018

South Africa: MPRDA to be withdrawn

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A cabinet meeting on 19 September approved asking parliament to withdraw a long-delayed bill amending the Mineral & Petroleum Resources Development Act (MPRDA), which has been under discussion since December 2012. Withdrawal of the amendment bill, which had been heavily criticised by the oil industry, will allow for oil and gas to be separated from mining and given their own law, a solution that will be widely welcomed by upstream petroleum companies.

South Africa
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A Special Parliamentary Committee on the Gas Sub-Sector delivered a summary of its report in Tanzania’s parliament on 2 June. The committee was tasked in November 2017 with deciding whether contracts in the gas sector contained “unconscionable terms” which could be revised under the infamous Natural Wealth and Resources Contracts (Review and Renegotiation of Unconscionable Terms) Act of 2017, as well as identifying flaws in gas laws and policies, and recommending better ways to manage and regulate the sector and to select and negotiate with private partners.

Tanzania
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Prime Minister Ahmed Ouyahia confirmed that “it is time” for Algeria to revise its hydrocarbons law to attract investors and raise export revenues, speaking at the launch of two new gas carriers in Arzew on 1 October. While he gave no details about how the law would change, the official Algérie Presse Service (APS) reported energy minister Mustapha Guitouni as saying the reforms would hinge on improving fiscal terms, which were poorly adapted to the current low oil price environment.

Algeria
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The Western Sahara government in exile achieved a diplomatic success in early May when a cargo of phosphate rock destined for New Zealand was intercepted and detained in South Africa. Polisario claimed Moroccan parastatal Office Cherifien des Phosphates (OCP) had produced the phosphate from its mines in the disputed territory. OCP at first tried to suppress the news in Morocco, where the territory is viewed as part of the kingdom.

Morocco
Issue 304 - 10 July 2015

Nigeria: Buhari sacks NNPC board

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President Muhammadu Buhari on 26 June dissolved the ten-member board of directors of Nigeria National Petroleum Corporation (NNPC) headed by outgoing petroleum minister Alison Diezani-Madueke. NNPC has long been accused of large-scale corruption, and former central bank governor Lamido Sanusi said in late 2013 that $20bn of oil money had disappeared from its funds. An independent audit ordered by the government in 2014 found only a $1.48bn shortfall, though auditors PwC said they had not had access to the full accounts. Buhari has promised to shed further light on the issue.

Nigeria
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The energy industry will predictably express concern at the prospect for the reforms and investor-friendly policies promoted with increasing vigour since Abdelmoumen Ould Kaddour became head of state energy giant Sonatrach in 2017. Buffeted by years of crisis that stalled critical oil and gas projects, it is unlikely any incoming government will wittingly do harm to the Algerian economy’s main source of revenue, but more change seems inevitable.

Algeria
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Goodluck Jonathan’s new cabinet is packed with surprises that the acting president hopes will cement his authority and speed up government business.

Nigeria
Issue 149 - 31 October 2008

Chinese oil workers killed

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Five Chinese oil workers taken hostage in South Kordofan have been killed by their captors, according to the Sudanese foreign ministry.

Sudan
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Oil means everything to Puntlanders, who believe its discovery will lift the Somali region’s people out of poverty, transform the economy into a Dubai-style success story and unite all Somalis.

Somalia
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Ignoring pressure on him to stand down, Prime Minister Abdul Hamid Dabaiba has authorised the Ministry of Finance to pay for a major new oil refinery in south-west Libya. The project is already the subject of an intricate financing scheme

Libya