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Central Africa
Bongo and Obiang get BEAC to give in to oil firms

Abbas Mahamat Tolli, Governor of Central Africa Banks. © Abaca Press

The regional bank has yet to impose the CFA franc on mining and oil firms, thanks to a fuss kicked up by a private sector backed by certain regional leaders. [...]

Published on 16/11/2020 at 06:00 GMT Reading time 2 minutes

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Energy

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Abbas Mahamat Tolli
African Energy Chamber
Ali Bongo
Baker Hughes
Bank of Central African States
Economic and Monetary Community of Central Africa
ENI
ExxonMobil
Gabriel Obiang Lima
Lukoil
Nj Ayuk
Olam
Schlumberger
Subsea 7
Technip
Teodoro Obiang Nguema
Théophile Ogandaga
Total
Vincent de Paul Massassa
Vitol

Spotlight | Central Africa
BEAC and extractive companies fund repatriation talks enter final straight

The Bank of Central African States has for months been negotiating with mining and oil companies to repatriate part of their revenues from the region. Three days of talks in Paris in July stalled on two sensitive points:

Subscribers only Energy, Commodity traders 23.07.2024

Bank of Central African States emblem in Libreville, Gabon, in 2019.

Central Africa
Washington sides with ExxonMobil and Chevron over BEAC foreign currency rules

Washington has stepped up its efforts to prevent US oil companies from being obliged to repatriate their rehabilitation funds to the CEMAC zone.

Subscribers only Finance, Energy 18.05.2023

Spotlight | Central Africa
Pressure mounts on CEMAC to relax foreign exchange rules

The main foreign investors in the Economic and Monetary Community of Central Africa are alarmed by the regional body's foreign exchange regulations, considering them to be too tough. But despite intense lobbying, a relaxation of the rules looks unlikely, the central bank having set itself ambitious objectives for foreign currency reserves.

Subscribers only Energy, Mining, Commodity traders 17.03.2023

Abbas Mahamat Tolli, governor of the Bank of Central African States, in Paris in 2018.

Mozambique
TechnipFMC leaves ENI in the lurch on Coral FLNG

The French-US oil services giant has decided to follow the general retreat from Mozambique's Cabo Delgado region begun by Total.

Subscribers only Energy 05.05.2021

Central Africa
Cybersecurity giants flock to BEAC with biometric solutions

MobiWire, Dermalog, Idemia, Veridium and Thales are among the firms interested in a contract with the Bank of Central African States (BEAC) to fingerprint holders of mobile payment account holders with telecoms operators in the region.

Subscribers only Finance, Business 18.03.2021

Angola
Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

To help win a contract to assess opportunities in Angola's oil sector, the Scottish consultancy Belltree has turned to the well-connected businessman Bráulio de Brito, president of the UK-Angola Chamber of Commerce.

Subscribers only Energy 29.01.2021

Ivory Coast
A full line-up: Foxtrot, CNR, Total and ENI prepare to drill

Despite Covid-related delays, oil companies working in Ivory Coast are determined to prepare for shallow-water drilling.

Subscribers only Energy 30.11.2020

DRC
London-based financial advisor Cactus Investments ups its profile

Initially rather a low-key firm, the financial consultancy Cactus Investments, owned by the Congolese entrepreneur Trésor Chovu and headquartered in London, is now seeking to raise its public profile.

Subscribers only Mining 20.11.2020

Spotlight | Equatorial Guinea
Maritime security: Marathon tries to resist Teodorin's plans to militarise Punta Europa LNG installations

A recent attempt by Nigerians from Niger Delta to take Marathon employees hostage in Equatorial Guinea has caused president-in-waiting Teodorin Obiang Nguema to react. He wants to impose security measures but the oil companies strongly disagree.

Subscribers only Energy 11.11.2020

The gas installations at Punta Europa, on the island of Bioko, in Equatorial Guinea.

Spotlight | Equatorial Guinea
Total fears for its petroleum products business after Teodorin Obiang greenlights new refinery

A plan to build a new modular refinery, which is due to come into operation in 2022-2023, threatens to put an end to Total's virtual monopoly on Equatorial Guinea's petroleum products business.

Subscribers only Energy 28.10.2020

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Abbas Mahamat Tolli
African Energy Chamber
Ali Bongo
Baker Hughes
Bank of Central African States
Economic and Monetary Community of Central Africa
ENI
ExxonMobil
Gabriel Obiang Lima
Lukoil
Nj Ayuk
Olam
Schlumberger
Subsea 7
Technip
Teodoro Obiang Nguema
Théophile Ogandaga
Total
Vincent de Paul Massassa
Vitol

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Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Central Africa
Bongo and Obiang get BEAC to give in to oil firms

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

Set up email notifications for these topics

Spotlight | Central Africa
BEAC and extractive companies fund repatriation talks enter final straight

Central Africa
Washington sides with ExxonMobil and Chevron over BEAC foreign currency rules

Spotlight | Central Africa
Pressure mounts on CEMAC to relax foreign exchange rules

Mozambique
TechnipFMC leaves ENI in the lurch on Coral FLNG

Central Africa
Cybersecurity giants flock to BEAC with biometric solutions

Angola
Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

Ivory Coast
A full line-up: Foxtrot, CNR, Total and ENI prepare to drill

DRC
London-based financial advisor Cactus Investments ups its profile

Spotlight | Equatorial Guinea
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Africa Intelligence on social media

Indigo Publications' websites

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

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Central Africa Bongo and Obiang get BEAC to give in to oil firms

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Spotlight | Central Africa BEAC and extractive companies fund repatriation talks enter final straight

Central Africa Washington sides with ExxonMobil and Chevron over BEAC foreign currency rules

Spotlight | Central Africa Pressure mounts on CEMAC to relax foreign exchange rules

Mozambique TechnipFMC leaves ENI in the lurch on Coral FLNG

Central Africa Cybersecurity giants flock to BEAC with biometric solutions

Angola Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

Ivory Coast A full line-up: Foxtrot, CNR, Total and ENI prepare to drill

DRC London-based financial advisor Cactus Investments ups its profile

Spotlight | Equatorial Guinea Maritime security: Marathon tries to resist Teodorin's plans to militarise Punta Europa LNG installations

Spotlight | Equatorial Guinea Total fears for its petroleum products business after Teodorin Obiang greenlights new refinery

Equatorial Guinea Vice President Teodorin Obiang brings logging sector under his control

Congo Sassou tasks trio to crack open IMF vault

Equatorial Guinea, Sao Tome and Principe Kosmos finds itself at heart of joint development zone project

Gabon BW Energy, Perenco and Assala put brakes on Gabonese oil industry renaissance in face of Covid-19

Africa Covid-19: Which countries will follow Equatorial Guinea's lead in stopping oil firms jumping ship?

Africa Covid-19: African Energy Chamber joins forces with IAGC to plead for help from oil-producing countries

Central Africa Why NJ Ayuk chose Leoncio Amada Nze as Africa Energy Chamber chief's point man in Malabo

Africa Change/BEAC: Exxon-Perenco under pressure from Déby's nephew

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Central Africa
Bongo and Obiang get BEAC to give in to oil firms

Spotlight | Central Africa
BEAC and extractive companies fund repatriation talks enter final straight

Central Africa
Washington sides with ExxonMobil and Chevron over BEAC foreign currency rules

Spotlight | Central Africa
Pressure mounts on CEMAC to relax foreign exchange rules

Mozambique
TechnipFMC leaves ENI in the lurch on Coral FLNG

Central Africa
Cybersecurity giants flock to BEAC with biometric solutions

Angola
Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

Ivory Coast
A full line-up: Foxtrot, CNR, Total and ENI prepare to drill

DRC
London-based financial advisor Cactus Investments ups its profile

Spotlight | Equatorial Guinea
Maritime security: Marathon tries to resist Teodorin's plans to militarise Punta Europa LNG installations

Spotlight | Equatorial Guinea
Total fears for its petroleum products business after Teodorin Obiang greenlights new refinery

Equatorial Guinea
Vice President Teodorin Obiang brings logging sector under his control

Congo
Sassou tasks trio to crack open IMF vault

Equatorial Guinea, Sao Tome and Principe
Kosmos finds itself at heart of joint development zone project

Gabon
BW Energy, Perenco and Assala put brakes on Gabonese oil industry renaissance in face of Covid-19

Africa
Covid-19: Which countries will follow Equatorial Guinea's lead in stopping oil firms jumping ship?

Africa
Covid-19: African Energy Chamber joins forces with IAGC to plead for help from oil-producing countries

Central Africa
Why NJ Ayuk chose Leoncio Amada Nze as Africa Energy Chamber chief's point man in Malabo

Africa
Change/BEAC: Exxon-Perenco under pressure from Déby's nephew