Little over a week after he officially began what some in the UN say is one of the most thankless posts in the organization’s history, the new Libya envoy Ghassan Salame appears determined to get on with the job. The Libya post is seen as high risk in terms of potential career burn, and very
Rosneft’s financial results for the first half of 2017 that were published a few days ago demonstrate a troubling picture of declining profitability and rising debts. The profits of $1.4bn posted by the company in 1H2017 amount to less than half of the firm’s profits for the same period two years ago, while the oil
Argentina’s central bank continues to make headlines regarding monetary policy and inflation, as well as its independence. The recent appointment of a new director, Enrique Szewach, added to this attention; he replaced Pedro Biscay, who had been removed for “misconduct.” Biscay had drawn the ire of President Mauricio Macri’s team for publicly deriding the administration’s
By constitutional mandate, on 19 July the National Anti-Corruption System (SNA) began operations. Citizens and NGOs, aided by international conventions, had overcome many obstacles in finally bringing about the new institution.
The Mozambican government is keen to ensure that the lucrative oil and gas sector develops links with the wider economy. Therefore, the Council of Ministers will consider a new local content law, under development for some time, “in due course.” At an oil and gas conference in Maputo in July, Vasco Nhabinde, the director of
After US President Donald Trump signed the latest package of sanctions against Russia last week, Horizon canvassed its contacts in Astana and Washington for what repercussions these measures may have for Kazakhstan, particularly in the energy sector.
Ramaphosa appears to be gaining the advantage in his bid to succeed Zuma as ANC president. With less than five months to go before the ANC national conference in December, Ramaphosa is building on the Zuma camp’s failure to secure the advantage and key concessions at the July ANC policy conference. However, Ramaphosa still has
Last week, the Chamber of Deputies voted to prevent the corruption charge against Temer from advancing to the Supreme Court for consideration. 263 deputies voted in favor of Temer, while 227 voted against him. (At least two thirds of the lower house was required in order to push the criminal charge forward.) Ever since the
On 27 July Pemex submitted its third consecutive quarterly report showing net profits. In the first half of 2017 the company made $6.78bn in profits. This was enormous turnaround from 14 years of losses, including the $8.15bn in losses that Pemex recorded during the first half of 2016. While these new figures are certainly positive,
In late July, a Karaganda court issued a guilty verdict for 11 suspects accused of stealing oil from a KTO pipeline and the Kazakhstan-China Pipeline Company (an entity partly owned and operated by KTO). While the precise damage is still being calculated, the perpetrators stole tens of thousands of dollars’ worth of crude by cutting