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Subscriber

The cost of the Libyan conflict is becoming ever more apparent for construction and engineering companies, with the threat that under-insured businesses may be landed with potentially catastrophic losses if they forfeit on-demand contract bonds.

Libya
Issue 208 - 07 May 2011

Donors boost projects flow

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As part of donor efforts to restore Liberia’s infrastructure, the US government has installed a 10MW light fuel oil power plant at Liberia Electricity Corporation (LEC)’s Bushrod Island facility.

Liberia
Issue 208 - 07 May 2011

ERC finishing line in sight

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Equity financing is almost complete for the Egyptian Refinery Company (ERC) project, which tapped North Africa’s largest debt financing in H2 2010 and is due to start operations in 2015.

Egypt
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Acutely aware that it needs to show that a majority of Ghanaians will enjoy long-term benefits from oil, the government is looking to stipulate local content provisions in its new industry.

Ghana
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The publication of Algeria’s Energy Future brings data into the public domain that show how Sonatrach expects gas output to decline, adding to pressures to develop non-conventional reserves, as well as the underperforming non-hydrocarbons economy.

Libya
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Ghana National Petroleum Corporation (GNPC) sold its first 995,259 barrels of crude from the Jubilee field on 9 March, earning around $110m, according to chief executive Nana Boakye Asafu-Adjaye. The oil was sent to the US market for delivery to Sunoco Inc subsidiary Sun International.

Ghana
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Ghana’s transformation into an oil producer has been an uneven, sometimes politicised process. But efforts to get legislation and new institutions in place, and to normalise relations with IOC partners, are creating a more sustainable environment for all stakeholders

Ghana
Free

Continued fighting in Côte d’Ivoire’s main city underlines that, despite the dramatic capture of former president Laurent Gbagbo, the conflict is far from over. Some 16 years after he was excluded from the 1995 election, Alassane Ouattara finally gets to be president, but in the worst possible circumstances.

Côte d'Ivoire
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Possible new Sonangol borrowing, longer lending tenors and the clearing up of foreign payment arrears are among the major Angolan themes preoccupying foreign financiers and insurers, writes Kevin Godier

Angola
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Prime minister Béji Caïd Essebsi has promoted a well-known technocrat to control the energy industry in his new interim government. Industry and technology minister Abdelaziz Rassaa

Tunisia
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Both sides are seeking to keep their domestic markets supplied and structure oil deals as they seek to gain a definitive advantage in the Libyan conflict's new, internationalised phase, write John Hamilton and Jon Marks. While the international community frets about how to achieve a speedy conclusion to Libya’s civil war – with neither side able to achieve a definitive military advantage now the international campaign to introduce a no-fly zone (NFZ) and protect civilians

Libya
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Protests across North Africa are being closely watched by political activists south of the Sahara, who are wondering whether a ‘domino effect’ could bring about regime change for them. After the collapse of eastern Europe in 1989, African countries saw a wave

Issue 206 - 02 April 2011

Clare Short named EITI chair

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Former UK international development secretary Clare Short has replaced Peter Eigen as chair of the Extractive Industries Transparency Initiative (EITI). An outspoken, sometimes controversial figure, notably over her opposition to UK

Issue 205 - 18 March 2011

IOCs face uncertain future

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Colonel Muammar Qadhafi met the ambassadors of Russia, China and India on 13 March, inviting oil companies from their countries to invest in Libya. This a clear threat that companies from countries backing the rebellion will be punished if he regains control. He made a similar proposal to the Russian and Chinese ambassadors in September 2009 after a US State Department official

Libya
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Italian major Eni is accelerating its move into sub-Saharan Africa amid concerns about its dependence on traditional strongholds in North Africa. Mindful of negative investor sentiment that has followed the Libyan crisis – which has shut in the strategic Greenstream pipeline and cut oil supply –