Mozambique - 04

Mozambique: Dhlakama Survives Second Apparent Assassination Attempt

On 25 September – Revolution Day in Mozambique – unidentified assailants mounted another assault on a Renamo convoy containing party leader Afonso Dhlakama on national highway EN6, about 15km east of the town of Gondola in Manica province. Nineteen members of Dhlakama’s armed guard were reportedly killed, along with one civilian, in the second apparent

Brazil - 01

Brazil: Petrobras CEO Asks Chamber of Deputies Officials to Postpone Regulatory Reforms

On 21 September Petrobras CEO Aldemir Bendine met in private with a group of Chamber of Deputies officials led by ruling Workers’ Party (PT) member Jose Guimaraes. The group approached Bendine to discuss a congressional proposal that would change the current PSA model used in pre-salt layers to a concessions model, which is currently used

Mozambique

Mozambique: Constitutional Change: The Only Hope for Peace?

Prior to an apparent assassination attempt against Dhlakama on 12 September, Renamo submitted a proposal to amend the constitution to parliament, which included a clause stating that provincial assemblies should propose their provinces’ respective governors, as well as changes to the definition of “provincial authorities.” The new clauses also include a redefinition of “local authority

Kazakhstan - 02

Kazakhstan: Ministry of Energy Responds to Oil Price and Falling Demand for Kazakh Services

On 23 September the Ministry of Energy announced that the Kazakh government has cut its oil output forecast by 1mn tons to 79.5mn tons for 2015 due to low global oil prices. Earlier this month Deputy Energy Minister Uzakbay Karabalin warned that according to the ministry’s scenarios for 2016, production can hit 79-80mn tons at

Indonesia - 03

Indonesia: Officials Float Alternatives to Cost-Recovery and Production-Sharing System

Under Indonesia’s production-sharing system – in place for nearly half a century – most PSC operators are allowed to retain 15% of after-cost-recovery oil and 30% of after-cost-recovery gas, with the government keeping the remaining portions. PSC operators may soon have the opportunity to decline to participate in this system, and instead opt into a

Turkey - 02

Turkey: The Future of Powertrans and Its KRG Oil Export License Monopoly

Powertrans’ rapid rise within the Turkish energy sector caught the industry’s attention when it was awarded the only oil trucking license for KRG oil. Former Minister of Energy and Natural Resources Taner Yildiz strongly supported the company due to Powertrans’ connections to then Prime Minister Erdogan through his son-in-law, Berat Albayrak. Other agencies, like the

South Africa - 06

South Africa: Mosebenzi Zwane Appointed Minister of Mineral Resources

On 22 September President Jacob Zuma announced that relatively unknown Mosebenzi Zwane would be appointed minister of mineral resources. Zwane, who was sworn into office on 23 September, replaces Ngoako Ramatlhodi, who has been shifted to minister of public service and administration. The public service portfolio has been vacant since Minister Collins Chabane died in

Russia - 05

Russia: Oil Companies Face Arbitrary Tax Hike

On 22 September President Vladimir Putin hosted a cabinet meeting to discuss the 2016 budget, during which he supported the Ministry of Finance’s latest proposal to hike taxes on oil companies and requested the government to “direct part of [oil companies’] devaluation profits to the [state] budget.” The Ministry of Finance has floated not one

Libya - 04

Libya: ISIL’s Expanding Targets: The Mitiga Airbase and Oil Infrastructure

Just weeks after it claimed responsibility for a car bombing outside the Tripoli headquarters of the Mellitah joint venture between the National Oil Corporation (NOC) and Eni, ISIL struck again in an even more sensitive location. Shortly before dawn on 18 September four ISIL militants armed with assault rifles, grenades, explosives and what appeared to

Libya - 05

Libya: Malta Conference: Poor Showing for Eastern NOC

After announcing and then canceling an oil and gas conference that was supposed to take place in Abu Dhabi, the parallel NOC established by internationally recognized Prime Minister Abdullah al-Thinni in eastern Libya last fall held another event in Malta this week. Attendees reported that the Valletta conference appeared rather amateurish. One Horizon contact noted