Libya - 02

Libya: Jadhran Ponders Right Price for Opening Eastern Terminals

With the UN-backed Presidency Council’s window of opportunity swiftly shrinking, Prime Minister Faiz Serraj and his team are now under even more pressure to deliver results to mollify a skeptical public. Last month Presidency Council contacts told Horizon it had prioritized what it termed “quick wins” – solving the liquidity crisis and increasing oil production

South Africa - 06

South Africa: Election Violence Underscores ANC Divisions

Violent protests in and around Pretoria between 19 and 22 June underscore a deterioration in the political environment ahead of local elections on 3 August. Although it is difficult to unravel the motivation behind the violent protests, which have resulted in looting and several deaths, the central cause was the announcement that senior ANC politician

Mexico - 06

Mexico: PMI’s New Director: Signs of a New Pemex Executive Hierarchy

On 21 June Pemex’s board announced that Isaac Volin Bolok was appointed as the new corporate director of PMI, the Pemex subsidiary responsible for managing the company’s commercial relations abroad. Volin will replace Jorge Sanchez Santiago only nine months into the latter’s tenure. In a statement released on 21 June, Pemex highlighted Volin’s qualifications, noting

Kazakhstan - 03

Kazakhstan: Nazarbayev’s High-Profile Reshuffles: Tightening Regional Security and Showcasing Astana

On 21 June President Nursultan Nazarbayev made a series of major reshuffles in the executive branch. The former head of the Akorda (presidential administration), Nurlan Nigmatulin, is the new head of the Mazhilis (the lower house of parliament). Former Minister of Investments and Development Aset Isekeshev was appointed as the mayor of Astana, while his

Russia - 04

Russia: Beyond Moscow’s Power: Transneft Battles Over Makhachkala Port

On 9 June Transneft issued an unusual press release warning of a potential halt to oil transit through the Caspian port of Makhachkala due to “criminal threats.” According to the release, substantial amounts of oil transiting Dagestan are being stolen while the local administration has turned a blind eye. As a result, companies such as

Turkey - 05

Turkey: The Karamehmet Saga: Energy Tycoon Tries to Make Peace with Erdogan

Turkey’s second-richest man a half-decade ago, Mehmet Emin Karamehmet’s businesses have been embattled since 2013, following political disputes with the government. In 2013 his BMC automotive company was confiscated and in late 2015 he was sentenced to seven years’ imprisonment for embezzling 417mn Turkish liras (around $142mn) during his tenure as the CEO of Pamukbank.

South Africa - 02

South Africa: Dlamini-Zuma’s Return Will Escalate Succession Debate

Senior ANC politician Nkosazana Dlamini-Zuma is due to stand down as chairwoman of the AU at the 27th AU Summit to be held in Kigali, Rwanda between 10 and 18 July. Her return to South Africa will intensify speculation over her possible bid to succeed her former husband, President Jacob Zuma, as ANC president at

Mexico - 05

Mexico: Pemex Announces Trion Field Partnership Plans

On 10 June the Pemex board approved the first block to be explored and exploited by Pemex in tandem with a private partner: Trion, a deepwater field located 200km off the coast of Tamaulipas in an area known as “Cinturon Plegado Perdido.” Trion is 2,500m deep, and according to the latest data published by the

Kazakhstan - 02

Kazakhstan: LUKoil May Contemplate Karachaganak Exit

On 14 June the Mazhilis ratified changes to an agreement between Kazakhstan and Russia that regulates demarcation and usage terms for the northern part of the Caspian Sea and three cross-border fields: Tsentralnoye, Khvalynskoye and Kurmangazy. Changes to Russian laws on subsoil use in 2008 allowed only state-controlled companies to continue offshore projects, and the

Libya - 01

Libya: Advances into Sirte May Push ISIL to the South

Last week fighters from the Al-Bunyan al-Marsous alliance pushed into Sirte and within days had evicted Islamic State forces from the city’s port and a number of residential districts in its eastern flank. These gains were complemented by other advances by forces under Petroleum Facilities Guard (PFG) commander Ibrahim Jadhran east of Sirte, where the