On 27 March Petrobras announced that Murilo Ferreira, the CEO of mining conglomerate Vale, had been nominated as the next chairman of the company’s board. Ferreira’s appointment will have to be approved at the upcoming 29 April shareholders meeting. In the meantime, Brazilian National Development Bank (BNDES) president Luciano Coutinho will serve as interim CEO
On 29 March, the last day of the all-important Frelimo Central Committee meeting, President Felipe Nyusi was elected as president of the party following Frelimo President Armando Guebuza’s resignation. Nyusi was elected with 186 votes in his favor – 98.4% of the total. While this outcome heralds a new era in Mozambican politics, until the
On 24 March KMG CEO Sauat Mynbayev offered Gazprom the option to transport its gas to China via a new route in Kazakhstan. He suggested the Russian monopoly use the existing Bukhara-Urals and Beyneu-Bozoy-Shymkent (BBS) pipelines to link to the Central Asia-China pipeline.
The Mexican government continues to take steps to make Round One contracts more attractive to the private sector. On 26 March CNH commissioner Hector Alberto Acosta Felix announced that the initial 14 shallow water blocks included in Round One will be delivered under more flexible conditions. As part of the announced changes, exploration permits were
Tensions between President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu erupted publicly this week as Bulent Arinc, Davutoglu’s spokesman and the ruling Justice and Development Party’s (AKP) most senior leader, and Melih Gokcek, the veteran mayor of Ankara and a staunch Erdogan supporter, lashed out at each other in a series of press statements.
Horizon recently spent three days in Kirkuk as the guest of the Kirkuk Governor’s Office, during which time we sampled a range of insider views on the future of oil policy in the province. Governor Najmaldin Karim is currently pulled in many different directions between running the provincial government, serving as a wartime leader and
Minister of Energy and Mineral Resources Sudirman Said recently supported the Oil and Gas Governance Reform Team’s proposal to establish SKK Migas as a special SOE. The minister’s announcement reinforced Reform Team head Faisal Basri’s earlier call for SKK Migas’ reconfiguration on 3 March. Said noted that the SOE would be answerable to a board
Amid rumors circulating over the past few months that President Jacob Zuma will reshuffle his cabinet, the tragic death of Minister of Public Service and Administration Collins Chabane in a car accident on 15 March has raised the likelihood of more imminent action. During his first term, Zuma reshuffled his cabinet four times, far more
Recent reports concerning Gazprom’s major pipeline projects reflect President Vladimir Putin’s renewed micromanagement of its negotiations with its counterparts in Europe and Asia. With Putin taking personal control, these negotiations have proceeded in fits and starts as he seeks to fulfill his key strategic objective: balancing Gazprom’s European and Chinese buyers and playing them against
As the debate concerning international support for the government of Prime Minister Abdullah al-Thinni continues, Russia’s role in Libya is increasingly coming under the spotlight. Western diplomats believe Moscow sees opportunity in Libya given the US’ increasingly weak position there and are concerned about Moscow’s potential spoiler effect in UN efforts to form a unity