Turkey’s Sovereign Wealth Fund (TVF) was established on 26 August 2016 as the main financial tool of the government’s “Strategic Investment Plan.” TVF was initially set up under the prime minister’s office, but Erdogan brought it under his purview and it is now run by a small group of presidential advisors.
On 4 June the State of Mexico will elect a new governor. With a population of 17mn, including more than 11mn voters, the state is the most coveted prize for Mexico’s political parties, particularly as the launch pad for the 2018 presidential elections. As a result, in the state’s gubernatorial campaigns, candidates often exchange corruption
The DA has started coalition talks with other opposition parties, including the EFF, ahead of the 2019 general elections. DA Federal Leader Mmusi Maimane said on 16 May that his party will consider a pre-election coalition agreement if it improves the chances of winning the election. However, there are wide political and ideological differences between
On 24 May Gazprom Deputy CEO Vitaliy Markelov ruled out a partnership between Gazprom and Novatek to develop the Tambei group of fields. Gazprom controls several major gas fields in the cluster, which is located in the northeast of the Yamal peninsula and includes North-Tambeiskoye, West-Tambeiskoye, Malyginskoye and Tasiyskoye. In early May, Gazprom CEO Aleksei
A major investigation into the Manchester concert bombing this week that killed 22 people, including children, is continuing with the spotlight turned not just on the city’s large Libyan diaspora population, but also whether the plot can be traced back to Libya itself. A strong Libyan connection to the blast is a worrying prospect for
On 19 May, during a speech in parliament, South African Minister for Energy Mmamoloko Kubayi stated that “gas is an integral part of our energy mix.” She elaborated on the government’s gas plan, which includes importing LNG through the Richards Bay plant over the next three to five years and the development of a pipeline
Following the constitutional referendum that narrowly passed on 16 April, President Erdogan became the chairman of the AKP once again on 2 May. He recently promised a “major overhaul” of the party, starting with its Central Steering Committee. The 50-member committee plans and oversees the tasks and priorities of the AKP’s vast political and social
On 19 May Minister of Energy Mmamoloko Kubayi highlighted key initiatives for the year ahead in her department’s budget vote speech, including several important developments relating to the restructuring of the CEF. Kubayi announced that the Petroleum Agency of South Africa (PASA) would be transferred to the Department of Mineral Resources and the IPP Office
On 15 May, Marcelo Odebrecht, the former CEO of Brazilian construction conglomerate Odebrecht, made a statement to the Mexican Attorney General’s Office (PGR) on the company’s corrupt involvement with Pemex between 2010 and 2014. Specifically, Odebrecht is accused of operating a network to bribe Pemex officials in exchange for infrastructure development contracts.
The months-long spat between NOC chairman Mustafa Sanalla and the UN-backed Presidency Council took on an explosive turn this week, with Sanalla publicly accusing a European IOC of acting in cahoots with the council to push through the controversial Resolution 270. The resolution would take key oil sector decision-making away from the NOC, vesting more