South Africa - 02

South Africa: 2017: Action-Packed Year for the Energy Sector

2017 promises to be an eventful year for the South African oil and gas sector. Parliament will likely finalize the much-delayed MPRDA Amendment Bill, the LNG independent power producer (IPP) program could see pre-qualified bidders announced, and the forecast in the updated 2016 draft of the IRP may provide a boost for the long-term development

Russia - 03

Russia: Gazprom’s 2017 Outlook: Financial Poverty, Political Strength

Gazprom is finishing 2016 with one of the weakest financial results in recent years. The company’s CFO, Andrei Kruglov, recently suggested that the monopoly’s EBITDA may drop over 30% in dollar terms. We expect Gazprom’s EBITDA to reach about $19bn this year, compared to about $30bn in 2015 and $51bn in 2013. Kruglov has also

Libya - 01

Libya: Zintanis Lift Pipeline Blockade

To much celebration in Libyan media, operations at Libya’s major southwestern El Sharara oil field resumed on 21 December after Zintani militiamen lifted a two-year blockade of a pipeline linking the field to facilities on the coast. In a statement issued the day before, the National Oil Corporation (NOC) confirmed that two pipelines at Al-Ryayna

Mexico - 05

Mexico: ASEA Issues E&P Regulations: Environmental Oversight Looms Large

Earlier this month, ASEA finally issued regulations that establish standards for conducting risk assessment and mitigation, technical provisions for infrastructure, and a series of criteria companies will have to comply with for exploration and production in all fields except for unconventional reserves. The private sector and other government agencies had anticipated the 6 December release

Kazakhstan - 02

Kazakhstan: KMG EP to Assume Cuts for OPEC

The latest figures from KMG EP suggest that crude output for January-November 2016 was 1.2% lower than in the same period in 2015. In mid-December the Committee on Statistics, which is part of the Ministry of National Economy, also reported that national production in the first nine months of 2016 declined marginally over the same

Brazil - 02

Brazil: New Elections Before 2018?

Information leaked by the local press over the last week and a half has shown that President Michel Temer allegedly appears 43 times in the plea-bargain testimony of Claudio Melo Filho, a former director of institutional relations at construction conglomerate Odebrecht. Melo Filho is one of dozens of Odebrecht executives who have struck a plea-bargain

South Africa - 05

South Africa: IRP Consensus Increases Pressure on Energy Department

The Department of Energy has faced considerable criticism during the public consultations on the 2016 update of the IRP and the Integrated Energy Plan (IEP). Various stakeholders, ranging from renewable energy companies to the Energy Intensive Users Group (EIUG), have made submissions reflecting the high degree of interest in the outcomes of the IRP and

Russia - 01

Russia: Rosneft’s Privatization: Craving for International Recognition

In the last few days, additional details have emerged regarding the sale of the 19.5% stake in Rosneft to Glencore and the Qatar Investment Authority (QIA), shedding light on some of the opaque aspects of the deal that we highlighted in our previous note. Some light has been thrown on the sources of money for

Turkey - 05

Turkey: Relations with Azerbaijan: Political Ties and Energy Interests

Turkey and Azerbaijan are closely related ethnically and linguistically, and as such are often referred to as “one nation with two states.” Indeed, in spoken language Azeris and Turks understand each other to a great degree. The contemporary relationship between the two countries dates back to World War I, during which the Ottomans annexed Azerbaijan

Mozambique - 03

Mozambique: International Mediators Sidelined from Peace Talks

Peace negotiations between Renamo and the Mozambican government experienced a setback last week when government negotiators stated on 7 December that they do not want international mediators to be involved in the discussions over provincial autonomy. The negotiators noted they “do not see the point” of international mediators’ involvement, preferring to “deal with the issue