Posts Tagged ‘oil’

Sonatrach CEO Abdelmoumen Ould Kaddour is restructuring the state oil company in an effort to address the slump in Algeria’s oil and gas output

Sonatrach: Can Shake-Up Haul Lumbering Behemoth Into The 21st Century?

MEES, 24 August 2018 Sonatrach president Abdelmoumen Ould Kaddour has been quietly carrying out a major restructuring of the firm’s management, including the creation of several new divisions and a change of personnel in other key posts. The changes include the creation of three new vice-president positions: VP finance, to which executive finance director Mohamed [...]

Libya oil infrastructure map

Libya: Fractured Institutions Fail To Distribute Oil Revenue Gains

MEES, 24 August 2018 Libya’s oil production recovered to more than 1mn b/d in mid-August following a collapse to just 400,000 b/d early in July. The reopening of key export terminals in the east of the country has enabled a resumption of production from oil fields in the Sirte basin ( MEES, 13 July ). [...]

Libya government budget and finances H1 2018

Libya’s Financial Black Hole

MEES, 17 August 2018 Libya near-balanced its budget in 1H 2018. But this was ‘thanks’ to chronic state weakness that left spending 21% under budget. Revenues were up with higher oil prices, but non-oil revenue remains abysmal. The UN plans an audit of Libya’s finances in a bid to help tackle corruption. But, if the [...]


Melut basin oil facilities South Sudan

South Sudan: China Oil displaces Unipec in Dar Blend marketing

African Energy, 26 July 2018 China Oil has displaced Unipec as the dominant marketer of South Sudan’s Dar Blend crude, lifting cargoes in all but two months of 2018. China Oil has been contracted to lift 9.2m bbls of crude so far this year, almost a third of the country’s 29.6m-bbl production, and 43% of [...]

South Sudan crude cargo diversions to Sudan were due to stop in June 2018, oil minister Ezekiel Gatkuoth told African Energy

South Sudan signals end to crude cargoes

African Energy, 26 July 2018 In lifting contracts agreed by Juba in early July for crude shipments in August, there is no cargo for Sudan Petroleum Corporation, signalling an end to the diversion of oil cargoes to Khartoum to pay South Sudan’s oil debts. Energy minister Ezekiel Lol Gatkuoth said in February that the transfers [...]

South Sudan oil export revenues are at a 3-year high but crippling crude diversions to Khartoum mean Juba's net revenue is negligible

South Sudan Coffers Empty Amid Crippling Crude ‘Diversions’ To Khartoum

South Sudan has diverted crude worth $1.6bn to Sudan in the past three years to pay off arrears in transit and compensation levies. Despite claims to the contrary there appears to be no end in sight to such transfers. MEES, 11 May 2018 More than four years into a civil war that seems as impervious [...]


South Sudan pushes for oil fields to reopen

African Energy – 11 September 2014 The government of South Sudan is pushing for the restart of production from outlying fields in the critical oil territory in Upper Nile, and is evaluating the resumption of output from shut-down fields in Unity State, according to a senior official at the Ministry of Petroleum and Mining. Production [...]

Block B in Jonglei, South Sudan

ExxonMobil set to pull out of consortium for South Sudan Block B

African Energy – 7 August 2014 ExxonMobil plans to withdraw from a consortium lined up to explore three oil blocks in South Sudan, according to sources in Juba. The blocks together make up Block B, a 118,000km2 area of Jonglei state divided into three in 2012.

Richard Nield talks on CNBC about South Sudan budget

South Sudan budget sets unrealistic expectations

CNBC – 25 July 2014 This is an interview I did on South Sudan’s unfathomable war budget for CNBC’s Closing Bell Africa programme.


Algeria's president Bouteflika

Algeria: A fourth term for Bouteflika?

Establishment has rallied around ailing president’s decision to run for another term, but many Algerians want change. Al Jazeera – 2 March 2014 The announcement by Algerian Prime Minister Abdelmalek Sellal on February 22 that Algeria’s president, Abdelaziz Bouteflika, intends to stand for a fourth term in the upcoming presidential elections is a blow to [...]

Salva Kiir

Sudan-South Sudan oil deal has its limits

17th April 2013 Foreign Policy – The Middle East Channel Sudan and South Sudan reached a deal in the early hours of March 12, after a week of negotiations in Ethiopia’s capital Addis Ababa, which should spark the beginning of exports of South Sudanese oil from Sudan’s Port Sudan, on the Red Sea coast, for [...]

Water supply by donkey in Bentiu, Unity state

Power and poverty in South Sudan

14th March 2013 From Our Own Correspondent – BBC Radio 4 My piece on the impact of austerity in South Sudan, where a lack of oil resources left many struggling to provide food and power for their families: http://www.bbc.co.uk/programmes/b01r5qc7 And the World Service version: http://www.bbc.co.uk/programmes/p015gwbb


Police road block Juba South Sudan

The joys of Juba airport

Juba, South Sudan Arriving at Juba international airport, the gateway to the world’s newest nation, is never a pleasant experience. There is little that can prepare you for the chaos of the small, cramped space that serves as the arrivals hall, baggage collection, customs and immigration. All you can do is stay calm, take a [...]

South Sudan Investment Report 2013

Groundbreaking South Sudan report published

15th December 2012 After several months of research and many more weeks of writing and editing, my business intelligence report into investment opportunities in South Sudan is now in print. A comprehensive guide to investing in South Sudan, the 125-page report includes full details of the country’s legal and regulatory framework and project opportunities across [...]

Algeria moves to bolster oil and gas reserves

Sonatrach plans five new refineries and accelerated gas exploration as part of $80bn spending programme In early November, Algerian state energy company Sonatrach announced plans to invest $80bn in oil and gas projects over the next five years. The plans include a 50 per cent increase in the firm’s annual spend, to $15bn in 2013 [...]


Algeria projects report 2012

Algeria projects report in print

24th June 2012 The most comprehensive business intelligence report on Algeria’s economy is now in print. The culmination of several months of research and a decade of accumulated knowledge, this 180-page report is the most detailed and up-to-date study of the projects market in Algeria. It is the perfect time to be informed about the [...]

A voter in John Garang memorial park, Juba on the first day of the referendum on independence for South Sudan

Six months after South Sudan gained independence, the same challenges remain

On 9th January, South Sudan will celebrate six months of independence form the north. But the problems faced by the new country are still mounting In early 2011 I devoted two months to covering the referendum on the independence of South Sudan from the north and the government’s efforts to set up the apparatus for [...]

Algeria frustrates BP asset sales plan

The Algerian government is frustrating the proposed sale of assets in the country by BP to its Russian joint venture partner TNK-BP as it looks into buying the acreage… To view this article in full, please visit FT.com