On 27 July Minister of Finance Pravin Gordhan provided one of the few official responses to Eskom’s attempt to engage the Department of Energy in discussions on the role of independent power producers (IPPs), stating that Eskom CEO Brian Molefe was “not qualified to make policy statements.” Gordhan’s intervention followed a week in which various
After years of delays, in mid-July the Russian government gave all necessary approvals for a joint venture between KazMunayGas (KMG), LUKoil and Gazprom to develop the Tsentralnoye field in the Caspian Sea, where the companies own 50%, 25% and 25% stakes, respectively. Horizon recently spoke with two high-level contacts in the Ministries of Energy and
On 26 July the Assembly of the Republic discussed a parliamentary commission to investigate the legality of Mozambique’s sovereign debt. Parliament approved the creation of a commission of inquiry, but restricted its membership to MPs, meaning that no civil society organization (CSO) representatives will be able to participate. Notably, one of Renamo’s key demands was
Within hours of UN envoy Martin Kobler’s 21 July meeting with PFG commander Ibrahim Jadhran in Ras Lanuf, it was clear that the visit would cause major ripples. Not only did angry Horizon contacts at the NOC in Tripoli say they were not informed of the meeting in advance, but the claim at a joint
On 27 July President Joko Widodo announced the long-awaited cabinet reshuffle. As Horizon expected, most of the changes carried out by the president seem to be designed to accommodate new coalition partners, in particular Golkar and PAN, while also strengthening loyalists such as NasDem and Hanura.
Mikhail Gutseriyev has unveiled plans for an IPO of Russneft, his chief oil company. Gutseriyev expects to sell a 10% stake in the company and hopes to raise $500mn for it. He has also suggested that the sale will be a Russian transaction. Notably, no foreign banks are involved in the IPO: Gutseriyev’s own Bin-Bank
Among its many other repercussions, the failed military coup of 15-16 July has gutted the Turkish military’s efforts to fight the PKK. The commanders of the 2nd Army, 2nd and 7th Main Airbase, 54th and 70th Mechanized Infantry Brigades and 2nd and 49th Commando Brigades, as well as those of almost all of the bases
On 18 July CNH, SENER and SHCP announced the first auction of the second bidding round, known as Round 2.1, that includes 15 shallow-water blocks in the Gulf of Mexico: eight off the coast of Veracruz, six off Tabasco and one off Campeche. Ten of these blocks are for exploration and the remaining five are
State-owned power utility Eskom recently signaled that it wants to enter into discussions with the Department of Energy over the IPP program. According to Business Day, Eskom chairman Ben Ngubane stated in a letter to Minister of Energy Tina Joemat-Pettersson that the company will not sign further power purchaser agreements without engagement on the issue.
On 20 July the first international mediators for the peace talks between the government and Renamo were presented at the Assembly of the Republic, including the representatives nominated by the Catholic Church and South African President Jacob Zuma. Renamo leader Afonso Dhlakama insisted that both the Catholic Church and President Zuma, as well as EU