Argentina - 03

Argentina: She’s Back! Cristina Kirchner’s Senate Run Shakes Up Politics

Last week Kirchner announced the formation of a new political party, Unidad Ciudadana, which was a clear indication of her desire to run for office again. This week she publicly confirmed her Senate candidacy from Buenos Aires province – marking her return to popular electoral discussions, even though she still has a ways to go

Libya - 06

Libya: Oil Production and Security Situation: Considerations for IOCs

This week the UN Security Council is set to renew resolution 2146, originally passed in 2014, which imposed measures to prevent illicit crude oil exports from Libya. In March 2016 the Security Council voted to renew these terms through 31 July 2017, and extended measures requiring states to prevent ships from loading, transporting or discharging

Russia - 05

Russia: Opening the Black Box: Government Seeks Access to Rosneftegaz Accounts

The government has renewed efforts to access the accounts of Rosneftegaz, the state-owned company that holds government stakes in Gazprom, Rosneft and Inter RAO. Earlier this month, head of the government’s economy and finance department Vladimir Sidorenko issued a letter requesting that Rosneftegaz’s financial information is made available to the government.

Brazil - 03

Brazil: Temer Charged with Corruption: Political and Economic Implications

This week the Attorney General’s Office filed a criminal charge against President Temer, of the Brazilian Democratic Movement Party (PMDB), for involvement in corruption. According to Attorney General Rodrigo Janot (see our Personality of the Week), there is sufficient evidence to prove that Temer took part in a bribery scheme through Rodrigo Rocha Loures, another

Turkey - 02

Turkey: Ankara Warms to Moscow with TurkStream Pipeline

Russian President Vladimir Putin called Erdogan on 23 June from an offshore platform near Anapa, on Russia’s Black Sea coast, to signal the start of the TurkStream pipeline. The project’s deepwater phase will cross the Black Sea from Anapa to Turkey’s northwestern port of Kiyikoy. The gas will then be transited overland to Greece. TurkStream’s

South Africa - 02

South Africa: Parliamentary Inquiry Likely to Expose Eskom Mismanagement

Parliament’s Portfolio Committee on Public Enterprises met on 21 June to determine the procedures for its inquiry into mismanagement at Eskom, the state-owned power utility. Eskom plays a central role in energy policy issues and has considerable political backing, enabling its long-running refusal to sign agreements with successful independent power producer (IPP) bidders. The inquiry’s

Mozambique - 03

Mozambique: Nyusi and the Frelimo Congress: Outlook for Renamo Accord

Mozambique’s prospects are looking increasingly positive. President Nyusi is preparing to extend his influence within Frelimo at the party’s September congress, and the worst part of the financial and economic crisis has passed. Indeed, on 19 June Bank of Mozambique Governor Rogerio Zandamela said that the Central Bank is no longer in emergency management mode,

Mozambique - 01

Mozambique: Vague Kroll Audit Summary Benefits Nyusi

On 23 June the Prosecutor General of the Republic (PGR) released the executive summary of Kroll’s independent audit into the sovereign debt crisis. The document was initially set to be published in late May, but was repeatedly delayed. The executive summary clearly shows the difficulties that Kroll investigators faced in accessing relevant information. EMATUM, MAM

Mexico - 06

Mexico: Round 2.1 Yields “Splendid Results”

Despite uncertainty over energy prices and domestic politics, Round 2.1 was quite successful, with contracts awarded for 10 out of 15 shallow-water blocks. Indeed, Secretary of Energy Pedro Joaquin Coldwell said that the first tender yielded “splendid results.” He estimated that the contracts will entail investments of $8.1bn throughout their 35-year duration, creating 82,000 direct

Kazakhstan - 04

Kazakhstan: Latest Analysis KMG Streamlines Corporate Structure

Last week KMG CEO Sauat Mynbayev announced that the company is transforming its subsidiaries in order to reduce red tape. These reforms have been discussed for over two years but concrete details are only now emerging. Mynbayev said the company is planning to convert some of its subsidiaries to limited liability partnerships (LLPs) and pass