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Subscriber

Puntland pioneer Range Resources has taken exception to an article in Melbourne daily The Age that said ruling clans in the territory were linked to the recent upsurge in piracy, including the hijack of the Saudi Aramco-owned supertanker Sirius Star, carrying an estimated $100m worth of oil.

Somalia
Issue 150 - 14 November 2008

How careless: STP loses another minister

Subscriber

Cristina Dias was sworn in as São Tomé and Príncipe’s oil minister on 11 November, the fourth person to hold the position since June 2008 and the latest indication of political uncertainty in the island state – which has yet actually to find oil (AE 149/14).

São Tomé & Príncipe
Issue 150 - 14 November 2008

Sameh Fahmy rumours

Subscriber

Rumour has it that there is infighting between Petroleum Minister Sameh Fahmy and Finance Minister Youssef Boutros Ghali over tax revenues, while Fahmy is understood to generally not be very popular with any of the ministers. One industry source said: “a lot of the ministers

Egypt
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Tensions between the Ministry of Petroleum and Ministry of Defence continue, mainly over the military’s demand for a greater share of oil revenues, but recent events suggest that a more personal power struggle has emerged.

Egypt
Subscriber

Reshuffle has brought some new faces onto the energy scene, but old guard remain in key posts

DR Congo
Issue 149 - 31 October 2008

Amid turmoil Sonangol secures $2.5bn

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Debate rumbles on over how hard the global financial turmoil will hit Africa, but some things apparently never change. Angola’s Sonangol

Angola
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For long a significant player in project finance and emerging markets, BNP Paribas (BNPP) has become a bigger force still on the Africa and Middle East energy scene with the acquisition

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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While banks are pulling in their credit, development finance institutions continue to expand their operations in sub-Saharan Africa. Kevin Godier talked to Germany’s DEG about a positive trend.

Kenya
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Among bankers there is more mystery surrounding Angola’s financing plans than there is about the identity of President José Eduardo dos Santos’ pick as his new petroleum minister. Ex-energy and water minister José Maria Botelho de Vasconcelos has replaced Desidério da Graça Verissimo e Costa at the Ministry of Oil in the much-anticipated post-election reshuffle (AE 146/25).

Angola
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Despite its corruption, violence and lack of political cohesion, Nigeria remains one of the best credit risks that are offered to insurers, according to a senior political risk insurance (PRI) underwriter in the Lloyd’s of London market. “It’s a good market, which has never thrown out any credit risk losses,” he said. However, capacity for Nigeria among

Nigeria
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IFC: New director for environment and social development; JAPAN: JICA expansion

Free

For Africans who depend on the environment for their livelihoods, human security is more closely tied in with the effects of climate change than it is elsewhere.

Issue 147 - 05 October 2008

Zimbabwe deal but no deal

Subscriber

Mugabe did a public deal to share power with Tsvangirai, but the octogenarian president has no intention of stepping back, and Zimbabwe’s political and economic crisis thus shows no sign of letting up.

Zimbabwe
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In a move typical of the convoluted deals so beloved of Colonel Muammar Qadhafi’s Jamahiriya (State of the Masses), African Energy hears that Libya is turning to some of its new friends with requests of help to fund the big compensation settlements demanded by the Lockerbie bombing families.

Libya