Kazakhstan - 02

Kazakhstan: Looking Ahead to the Expo: Astana Unveils Kazakh Invest

The Kazakh government is intent on publicly showing that it is improving the country’s investment climate ahead of the Astana Expo 2017 that will begin in June. According to Horizon contacts, the upsurge in initiatives on this front across all key ministries is also connected to the forthcoming decision to invite Kazakhstan as a full

Brazil - 04

Brazil: Reduced Local Content Requirements: Potential Negative Reaction

After more than a year of intense debates, on 22 February the Ministry of Energy and Mines announced several changes to local content requirements in the oil sector. The new rules – which still must be approved by the National Energy Policy Council (CNPE), due to meet sometime in March – stipulate five broad segments

Mozambique - 04

Mozambique: The MDM’s Infighting: Impact on National Politics

On 19 February the mayor of Nampula, Mahamud Amurrane, decided to boycott the meeting of the political commission of the MDM – the party on whose ticket he was elected. Earlier, Amurrane voiced accusations of corruption and malfeasance within the MDM, where senior members and mayors are allegedly using their position to usurp public funds

Mexico - 05

Mexico: Gonzalez’s Year at Pemex: Accomplishments and Challenges

A little more than a year ago, on 7 February 2016, President Enrique Pena Nieto announced the resignation of Pemex CEO Emilio Lozoya Austin and the appointment of Jose Antonio Gonzalez Anaya to head the country’s largest company.
Gonzalez had a bumpy start as Pemex’s CEO. Less than a month after his appointment, he had

Libya - 05

Libya: Rosneft’s Deal with the NOC

On 21 February Rosneft and the Tripoli-based NOC signed a “cooperation framework agreement.” The preliminary agreement was signed in London by NOC chairman Mustafa Sanalla and Rosneft CEO Igor Sechin on the sidelines of the International Petroleum Week conference and publicly announced the following day.

Argentina - 03

Argentina: Action on Energy: Natural Gas Tariff Increases for April

President Mauricio Macri’s administration has again taken aim at natural gas tariffs. The decision follows the announcements aimed at reducing electricity subsidies for the majority of citizens in Buenos Aires and a deal aimed at boosting natural gas production from the country’s Vaca Muerta shale play (see our 8 February and 18 January Latest Analysis).

Turkey - 02

Turkey: The New Sovereign Wealth Fund: Meaning for Investors

In an overnight move in early February, the Turkish government transferred a large number of key state-owned assets to a newly established sovereign wealth fund, known in Turkish as TVF. The most important enterprises transferred to the fund are TC Ziraat Bankasi, the oldest agricultural subsidy bank, TPAO, BOTAS, Halkbank, Turkish Airlines and Turk Telekom.

Russia - 04

Russia: A Firm No: Gazprom Rejects Rosneft’s Far East Gas Request

Earlier this month, Gazprom Deputy CEO Valeriy Golubev rejected Rosneft’s request to have up to 2.5 bcma of gas delivered to the company’s proposed Eastern Petrochemical Complex, known as the VNKKh. The project, which is set up as a partnership between Rosneft and China National Chemical Corporation (ChemChina), has been one of Rosneft CEO Igor

South Africa - 05

South Africa: Zuma’s Turn to “Radical Economic Transformation”

President Jacob Zuma’s State of the Nation Address in parliament on 9 February was once again disrupted by opposition EFF MPs who have labeled Zuma an “illegitimate president” due to his violations of the constitution. The Democratic Alliance (DA) also walked out after an agreement over the deployment of the military to parliament, which is

Mexico - 01

Mexico: Rounds 1.2 and 1.3 Obstacles: Implications for IOCs

Rounds 1.2 and 1.3 may once again make headlines in Mexico – and not for encouraging reasons. According to Horizon contacts at CNH and SENER, some consortiums that won blocks in the rounds are struggling to begin operating their projects. Though the government officials declined to disclose the names of the companies, they admitted that