The World Bank's private investment arm, International Finance Corp., has emerged as a major player in Africa's oil sector ever since it took part in funding the oil pipeline between Chad and Cameroon a few years back.
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Africa Energy Intelligence understands the state-owned oil firm GEPetrol has finally decided to finance its share in Marathon's LNG plant [...]
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In order to guarantee deliveries to a future LNG plant, Sonatrach has modified the Gassi Touil project to include new fields that Total has coveted.
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Despite Chakib Khelil's departure and the death of Djamel Khene, the management of Sonatrach has remained exceptionally stable in recent times. Who are the mainstays in the company?
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Kept under wraps until now, a report by the KMPG accountancy group on Congo-B's oil revenue points up a few management lapses. But the report is far from complete, as KMPG itself admits.
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One of the transactions missed by KPMG's auditors was a loan guaranteed by oil from the Likoula field that Congo mounted last summer.
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A bid by the Libyan firm Tamoil to buy the Kaduna oil refinery is being countered by president Olusegun Obasanjo's staff.
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RoyalDutch/Shell is being forced to downgrade its reserves just as Nigeria is pushing to increase its OPEC quota. In addition, the group is reportedly poised to lay off 1,000 of its Nigerian staff.
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European banks are currently submitting bids to Sonangol to finance the biggest oil-backed loan of the year worth around $2 billion.
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Now that it is raising fresh cash on capital markets Angola is making an effort to mend fences with the IMF.
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Once keen on buying the West African Refinery Company that [...]
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After negotiating the deal last April (AEI 344), Devon signed [...]
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The Indian oil services company Dodsal based in Bombay has [...]
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As soon as 15 alleged mercenaries were rounded up in Malabo on March 8 the Equatorial Guinea government did its [...]
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The president of the regional government of Wallonia, Serge Coubla, led a delegation of Belgian businessmen last week on a [...]
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Sent to Sudan by the Bush administration last week, the U.S. special representative John Danforth laid out a detailed American [...]
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Moscow is seeking to beef up its oil ties with South Africa even through bids by Russian firms to build [...]
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Following the dismissal of Domingo Mba Esono as boss of GEPetrol - he had run the state-controlled company since it [...]
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The engineering group FMC Technologies has just named the U.S. national Peter Kinnear as executive vice president in charge of [...]
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A veteran of the State Department's Bureau of Near Eastern Affairs, Greg Berry, has been asked by the U.S. administration [...]
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Sao Tome prime minister Maria das Neves has won approval from president Fradrique de Menez to appoint four new ministers [...]
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Africa Energy Intelligence sources say the economist Jeffrey Sachs could well take over as president of the World Bank if [...]
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Published by the Nigerian daily This Day, a report by a mission relating to Article IV that the International Monetary [...]
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While waiting for an eventual glut in receipts (see above), the Nigerian parliament last week adopted a lower budget for [...]
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An account held by Equatorial Guinea at the Riggs bank in Washington, which is used by numerous embassies in the [...]
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Following numerous power cuts in recent months in Brazzaville and Pointe Noire (AEI 365), Congo-B's Societe Nationale d'Electricite has paid [...]
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During his trip to China last month, Sonangol chairman Manuel Vicente didn't confine his talks to Sinopec (see p. 1 [...]
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Funding for a project to extract and transport gas produced by Sasol in Mozambique to South Africa was finalized last [...]
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The three Asian companies active in Sudan are falling all over themselves to be nice to Khartoum. India's ONGC, for [...]
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Inactive for five years because of civil strive, Sinelac, a company that managed joint power projects for Rwanda, Burundi and Democratic Republic of Congo, is getting back on its feet.
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South Africa's state-owned utility Eskom has begun a major overhaul of its power stations, most of which still run on coal.
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The Bateman equipment group that operates widely in South Africa's mining and power sectors has just handed stakes in its business to several South African firms.
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British Gas signed an agreement with the Tunisian government in [...]
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One of the three refineries operated by Libya's National Oil [...]
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Following its move early this year to cancel all contracts [...]
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A partner of Forrest Oil on the 2A license in [...]
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The Nigerian Electrical Power Authority announced last week that its [...]
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The state-owned oil group Sonatrach has just inaugurated a new [...]
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Founded in 2001, the Goldwyn International Strategies concern fields several [...]
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The Accenture consultancy has put the director of its Nigerian [...]
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Former vice-president of the Boston Consulting Group and head of [...]
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With American companies poised to return to Libya, IBC Energy [...]
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The CWC Group is organizing a conference at the Nicon [...]
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