Russian media reports in late March suggested that Gazprombank may soon acquire Stroigazconsulting, Gazprom’s top construction contractor. The acquisition will remove the owners of the firm, who have run into significant political and commercial challenges. In the last two years SGC’s key principal, Jordanian-born billionaire Ziyad Manasir, has damaged his relations with key Gazprom decision-makers
On 26 March the opposition DA released a position paper setting out its proposed remedies for the country’s electricity supply crisis. The paper called for several urgent policy interventions, including an end to Eskom’s monopoly on generating, procuring and selling electricity, the release of key energy policy documents, and the fast-tracked completion of new coal-fired
During his trip to Japan last month, Vice President Jusuf Kalla delivered policy statements on the importance of growing Indonesia’s LNG regasification sector. After visiting the Sodegaura LNG terminal owned by Tokyo Gas, Kalla stated that a priority for the Indonesian government is to maximize the country’s consumption of gas from domestic sources through developing
After months of mounting frustration with Omar al-Hassi as head of the self-declared government in Tripoli, the rump GNC voted to dismiss him this week. GNC contacts had told Horizon over the weekend that the move would happen within days. According to our contacts, there were various reasons for his sacking: some noted that the
Last month Turkish Energy Minister Taner Yildiz announced state-backed TEC’s decision to commence oil exploration operations near Mount Qandil, the PKK’s headquarters in KRG territory. Based on negotiations with Erbil, Yildiz indicated that Turkey would specifically focus on the Hindren and Choman fields, in which it procured 80% of the fields’ shares. Together with the
On 27 March Petrobras announced that Murilo Ferreira, the CEO of mining conglomerate Vale, had been nominated as the next chairman of the company’s board. Ferreira’s appointment will have to be approved at the upcoming 29 April shareholders meeting. In the meantime, Brazilian National Development Bank (BNDES) president Luciano Coutinho will serve as interim CEO
On 29 March, the last day of the all-important Frelimo Central Committee meeting, President Felipe Nyusi was elected as president of the party following Frelimo President Armando Guebuza’s resignation. Nyusi was elected with 186 votes in his favor – 98.4% of the total. While this outcome heralds a new era in Mozambican politics, until the
On 24 March KMG CEO Sauat Mynbayev offered Gazprom the option to transport its gas to China via a new route in Kazakhstan. He suggested the Russian monopoly use the existing Bukhara-Urals and Beyneu-Bozoy-Shymkent (BBS) pipelines to link to the Central Asia-China pipeline.
The Mexican government continues to take steps to make Round One contracts more attractive to the private sector. On 26 March CNH commissioner Hector Alberto Acosta Felix announced that the initial 14 shallow water blocks included in Round One will be delivered under more flexible conditions. As part of the announced changes, exploration permits were
Tensions between President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu erupted publicly this week as Bulent Arinc, Davutoglu’s spokesman and the ruling Justice and Development Party’s (AKP) most senior leader, and Melih Gokcek, the veteran mayor of Ankara and a staunch Erdogan supporter, lashed out at each other in a series of press statements.