Mozambique - 04

Mozambique: Outlook for the Upcoming Frelimo Central Committee Extraordinary Session

On Christmas Eve, the Political Commission of the ruling Frelimo party issued a press release stating that the party’s Central Committee will convene in an extraordinary session on 5 February 2016. The 17-member Political Commission acts as the permanent representation of the much larger Central Committee, with its nearly 200 members. According to the Frelimo

Russia - 01

Russia: A Symbol of Power: Sechin’s Plans for Pechora LNG

In mid-December, the Ministry of Natural Resources authorized an auction for two major fields in the Nenets Okrug that will take place in January 2016. The fields, Layavozhskoye and Vanevisyskoye, were discovered in the early 1970s. Their C1 gas reserves amount to 138 bcm and 85 bcm, respectively. According to the ministry the starting price

Mexico - 06

Mexico: In 2016, CNH Looks to Build on the Success of Round 1.3

On 17 December CNH finally announced the initial contract terms and bidding conditions for the fourth auction of Round One, known as Round 1.4, which consists of ten deepwater and ultra-deepwater blocks in the Gulf of Mexico. Given the amount of investment the round will attract – roughly $40bn – and its involving only industry

Libya - 06

Libya: UN Resolution Emphasizes Need for Institutional Unity

The UNSC resolution adopted on 23 December cements the Libyan political agreement signed in Skhirat, Morocco the previous week and outlines the international framework for the government of national accord (GNA). According to the resolution, the GNA will be the sole legitimate government of Libya. Of particular interest to Horizon clients are the sections of

South Africa - 01

South Africa: Treasury Controversy Turns Spotlight on Zuma’s Advisors

President Jacob Zuma’s disastrous appointment of David van Rooyen as minister of finance on 9 December, and his subsequent removal from the Treasury portfolio days later in favor of Pravin Gordhan, has been roundly criticized both in and outside of South Africa. As the situation stabilizes, questions have been raised over Zuma’s decision-making, his advisors

Turkey - 01

Turkey: The Bashiqa Ordeal: Ankara, Baghdad and Moscow

The recent row between Ankara and Baghdad over Turkish troop deployments in KRG territory escalated to a new level when the issue was brought before the UN Security Council late last week. With Russian help, the Iraqi government took the issue to the Security Council on 18 December, where it called for both sides to

Mozambique

Mozambique: Nyusi’s State of the Nation: Consolidating Power in 2016?

On 16 December President Filipe Nyusi gave his first state of the nation address to the AR, nearly 11 months to the day after he ascended to the presidency following his win in the general elections in October 2014. Nyusi noted that he is “brave enough” to say that his government is “not yet satisfied”

Libya - 04

Libya: Newly Signed Political Agreement: Prospects for the GNA

With the UN-brokered GNA deal signed in Skhirat, Morocco on Thursday, thoughts now move as to its implementation – or indeed, its ability to implement. New UN envoy Martin Kobler has privately acknowledged that no security plan has been drawn up for Tripoli, and the GNA will therefore not be based in the city for

Russia - 04

Russia: Rosneft Privatization Unlikely to Proceed in 2016

Speaking at his annual press conference on 17 December, President Vladimir Putin suggested that a 19.5% stake in Rosneft may be privatized in the near-term to support the state budget. Putin’s statement reflects increasingly active government lobbying in support of privatization as the cabinet struggles to patch the budget in the declining commodity price environment.

Kazakhstan - 01

Kazakhstan: Energy Outlook for 2016 and Beyond

The last week has seen a flurry of optimistic statements from top Kazakh officials regarding the country’s energy outlook for 2016 and beyond. At a government meeting on 8 December Minister of National Economy Yerbolat Dosayev stated that the country will produce more, export more and eventually refine more oil, noting that the Kashagan field