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12•December•2017 Week 49
Brightening up
Libya is making progress in getting back on track.
Buy high, sell low
Sinopec is planning to sell off its Nigerian and Gabonese assets, which it
acquired in 2009.
Start up
Egypt’s gas plans are bearing fruit at Zohr and Atoll.
Shooting off
Spectrum has begun a 2D seismic shoot offshore Mozambique.
AfrOil AfrOil
We can help
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Africa Oil & Gas Monitor
COMMENTARY
Gauging the depth of Angola’s purge 4
Libya on the road to recovery 6
I n v e s tment
AP granted offshore Sierra Leone extensions 7
Sinopec plans Nigeria, Gabon sale 8
P er f ormance
Atoll, Zohr near start line 9
P o l icy
Kinshasa extends offshore production licence 10
N e w s in b rie f 13
o u r c u s tomer s 19
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November 1. The statement declaring the audi- the Vicente issue is a key driver of this current
tor’s appointment said it was compliant with all discontent.
legal procedures. Five companies had applied for Earlier this year, Portuguese prosecutors
the position and only PwC and EY reached the set out charges against Vicente, accusing him
negotiation stage. of having paid around US$800,000 in order to
A PwC audit partner, Sarju Raikundalia, was end a corruption inquiry. The cash was allegedly
appointed to Sonangol’s board in mid-2016 – paid to the public prosecutor, Orlando Figueira,
thought to be the first non-Angolan to hold such to end an investigation in 2012, over Vicente’s
a post – and was dismissed at the same time as reported purchase of a flat in Estoril.
Isabel dos Santos, last month. In November, the Portuguese authorities sent
a letter to Luanda naming Vicente, and giving
Isabel’s grudges details of the charges and requiring a response
The dos Santos children are becoming increas- by the end of the month.
ingly testy about their newly threatened circum- The Angolan government has called for the
stances. Welwitschia dos Santos posted an angry case against Vicente to be transferred to Angola,
screed on a social networking site. Isabel dos citing the needs of sovereignty.
Santos announced on December 5 that a “formal In addition to the Vicente affair, Portugal’s
judicial complaint” had been filed against jour- Diario de Noticias reported at the end of Novem-
nalists from the VOA service over “defamatory ber that an investigation was under way into Luís
articles” about her and Unitel. Ferreira do Nascimento. The inquiry is a prob-
The complaint seems to stem from a VOA lem for the new administration in Luanda, as
article raising questions about whether Uni- Nascimento was appointed to be an executive
tel had imported assets using the cloak of the director of Sonangol in mid-November.
Angolan Red Cross, which is exempt from pay- The official is accused of being involved in the
ing duties. Isabel dos Santos was appointed as the disappearance of US$29 million from Sonair,
head of the local NGO in 2006. Sonangol’s airline arm, under a deal with Por-
Since her removal, Isabel dos Santos has high- tugal’s TAP.
lighted a number of uncomfortable issues for the The case, which was flagged by Isabel dos
new government. On her Twitter account, for Santos on Twitter, is another warning sign over
instance, she noted the recent settlement by SBM the extent to which Lourenco’s efforts can be
Offshore with the US government and reminded seen as more of the same, rather than a break
readers that payments were said to have been with the past.
made to Sonangol officials. A survey commissioned by the government
in the first half of the year, and subsequently
Everything changes leaked, demonstrates the depth of opposition to
While Lourenco’s moves can be clearly seen as the dos Santos family and to corruption. The sur-
reducing the power of the dos Santos empire, vey suggested that 53% of Angolans disapproved
what is less clear is whether the broader issues of the MPLA’s actions over the last five years. It
in Angola will change. The new Angolan gov- went on to note various corruption scandals, sin-
ernment, which is made up of members of pre- gling out Vicente, Helder Vieira Dias “Kopelipa”,
vious governments, has taken a tough line on a Leopoldino Fragoso and the former president.
Portuguese inquiry into corruption allegations These corruption scandals coincide with mount-
around Manuel Vicente, who was previously ing problems in the health sector, increasing
head of Sonangol and at one point was tipped to crime and a general economic malaise.
be the next president. If the new president can successfully pin all
In his inauguration address, Lourenco con- the problems of Angola on the former president
spicuously avoided mentioning ties to Portu- and his interests, Lourenco will gain valuable
gal. There is a broad reason for Angola to want breathing space. Angola’s real problems, though,
to look beyond the former colonial power, but run deeper. v
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Investment
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start line
Homs
Cyprus
Gas fields
Tripoli
Oil fields
LNG Refinery Lebanon
Egypt BP Egypt has begun testing the Port
phase one development of the Atoll Pipeline
Aphrodite
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P r o j ec t s & C o m p a n ie s
NO R T H AF R I C A
Italy natural gas market at Siemens signs on to boost
DEA signs memorandum of ‘pre-alert’ level Libya power generation
understanding in Algeria PSV spot, the Italian wholesale natural gas
contract for day-ahead delivery, has extended
Siemens has signed contracts with the state-
owned utility General Electricity Company
DEA Deutsche Erdoel AG and the Algerian its rally as grid system operator Snam said the of Libya (GECOL) to expand Libya’s power
state company Sonatrach have signed a gas balance in Italy was entering a pre-alert generation capacity by approximately 1.3 GW.
memorandum of understanding (MoU). The status in cold weather. Under these contracts, Siemens will build a
MoU aims at strengthening ?the co-operation The Ministry of Economic Development 650 MW open cycle power plant in Misrata,
between the two companies and defines the has declared an Early Warning level of the equipped with two F-class gas turbines, and
framework for DEA’s potential participation in Emergency Plan in the Italian gas market, a 690 MW open cycle power plant in Tripoli
additional upstream projects in Algeria. The Snam said in a published statement. West, equipped with four E class gas turbines.
agreement was signed by Sonatrach upstream However, tight supplies may ease in the The total volume of EPC contracts, including
vice-president Salah Mekmouche and DEA next two days as they are public holidays in long-term service agreements, is in the range
chief operating officer Dirk Warzecha. Italy. of 700 million euros.
“This MoU builds on the existing business Despite increased Italian demand, Algerian Siemens has been supporting Libya with
relationship between DEA and Sonatrach and flows to Italy remained flat at 63 million cubic technology and expertise since the 1950s.
paves the way for further co-operation of the metres. CEO of Siemens’ Power and Gas Division,
two companies. It also reflects DEA’s long- Algeria has been hit by a cold snap in Willi Meixner, said: “Around 30% of Libya’s
term commitment to Algeria and represents recent days, with temperatures 3-5 C below installed power generation capacity is based
a good opportunity for us to access additional seasonal norms in the key demand centres on Siemens technology that delivers electricity
business opportunities in one of our core such as Algiers, which has triggered increased to two million people. After completion,
countries,” said Warzecha. domestic demand for gas and power. The the power plants in Misrata and Tripoli
“DEA has been active in Algeria for more supply crunch comes as Algeria vowed to West will help the country to solve the
than 15 years. We welcome the opportunity maintain its export levels through the winter ongoing challenges caused by frequent and
to co-operate with Sonatrach in identifying and follows the startup last month of a new unpredictable power cuts”.
oil and gas projects of common interest in associated gas production project at the Hassi SIEMENS (GERMANY), December 11, 2017
Algeria and we hope that this will result in Messaoud oil field. The project means an
significant value creation potential for both
parties,” added Sameh Sabry, who is the new
associated gas that before now was mostly
converted into LPG can be sent into the main NOC Chairman receives the
general manager for DEA in Algeria since
September 1, 2017.
Algerian gas grid.
The project started up at a rate of 10 French Deputy Ambassador
Algeria is the leading natural gas producer
in Africa and an important natural gas
million cubic metres per day, the equivalent
of 3.7 billion cubic metres per year, but can be to Libya
supplier to Europe. DEA participates in the increased to 20 million cubic metres per day Mustafa Sanalla, NOC Chairman of the
Reggane Nord project in the Algerian Sahara if needed. Board, has received the French Deputy
with a 19.5% working interest. Reggane Nord To offset flat Algerian gas flows to Italy, Ambassador to Libya Mr Iyad Jaber at NOC
comprises of six gas fields under development, Russian gas flows to Italy via Austria ramped HQs on December 2017 in the presence
which are planned to be brought on stream in up to 110 million cubic metres, after averaging of Mr Salah Ben Ali Manager of Office of
the coming few months. 102 million cubic metres per day in Week 48. International Cooperation at NOC.
DEA (GERMANY), December 6, 2017 PLATTS (US), December 6, 2017 The French Deputy Ambassador formally
invited NOC to participate in a workshop that
will be carried out by French companies and
held in Tripoli during the first half of next
OPEC's benchmark basket v year. The meeting discussed oil relationships
65
with the French companies and ways to
60.74 61.12 strengthen and develop such relationships.
60
The two Parties also talked about the
conditions of the oil and gas sector in Libya
55.5
55 53.37 53.44
and the challenges that face NOC and its
51.67
52.4
subsidiaries in addition to the efforts made
US$ per barrel
51.37
50.32
50
49.2 49.6 to improve the security situation to achieve
46.93 production stability and oil flowing in the
45.21
45
entire fields and ports.
NOC (SOUTH AFRICA), December 7, 2017
40
35
SDX makes gas discovery
30
at KSR-16 well
Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 SDX Energy has announced that a gas
discovery has been made at its KSR-16
development well on the Sebou permit in
Rigs in Africa
90
v
13 14
and fair elections are held. Next, to this, a
80
14 12 14
11 broad-based inclusive national dialogue, the
15
9
10
13
opening up of political and civic space, and
70 support for local initiatives of reconciliation,
healing and peacebuilding are needed. The
60 population needs to be supported through
international assistance by the intensification
50 of humanitarian assistance, sufficient security
provision to all citizens, and upgrading of the
40
68 70 76 69 72 75 66 71
protection of civilians (POC) sites.
72 74
PAX (SOUTH SUDAN), December 11, 2017
30
February March April May
Land
June
Offshore
July
Algeria
August September October November
Source: Baker Hughes
South Sudan owes Sudan
Morocco. After the oil conference here in Juba a lot of for US$1.3 billion from 2012
The KSR-16 well was drilled to a total
depth of 1,896 metres and encountered 14.2
oil companies are interested to come to South
Sudan,” he further explained. oil deal
metres of net conventional natural gas pay in SUDAN TRIBUNE (FRANCE), December 4, 2017 South Sudan still owes neighbouring Sudan
the Hoot formation. The company expects US$1.3 billion from a 2012 deal that ended
that the well will be connected to the existing
infrastructure and placed on production Debating South Sudan’s a dispute over oil payments between the two
nations, the deputy finance minister told
within the next 30 days.
The drilling rig will now move to the future Reuters before he was sacked last week. The
previously undisclosed amount is equivalent
ELQ-1 prospect on the Gharb Centre permit A group of concerned citizens in South to eight years worth of oil revenues for South
and drill the first commitment well on this Sudan have warned that the situation in the Sudan at current prices, according to former
recently acquired licence. country is likely to become even worse unless deputy minister Mou Ambrose Thiik. He
The recently completed KSR-15 well has a genuine, inclusive political process can be spoke to Reuters and was removed from his
been connected to the existing infrastructure started immediately. The group says South post by President Salva Kiir later that day.
and it is anticipated that test production will Sudan’s internal conflicts cannot be settled Finance Minister Stephen Dhieu Dau
commence early next week. by war but must be settled through political did not answer calls or text messages. Oil
SDX ENERGY (UK), December 11, 2017 dialogue based on a shared vision for a Minister Ezekiel Lol Gatkuoth also did not
peaceful future in which the South Sudanese answer calls or text messages. Information
South Sudan optimistic are united in diversity.
The Concerned Citizen’s Network for Peace
Minister Michael Makuei said he could
not comment on figures. In 2012, South
rising oil prices will boost (CCNP) therefore calls upon the wisdom of
the leaders of all South Sudanese parties to act
Sudan shut down oil output after it could
not reach an agreement with neighbouring
economy for the general good of all citizens.
The CCNP recently published a report
Sudan, its former ruler, on payment to use
its infrastructure to export crude from its
South Sudan said that it hopes to reap from setting out their vision for South Sudan. The oilfields.
the global rise in oil prices to uplift an major objective of the report is to stimulate an South Sudan eventually agreed to pay US$3
economy weakened by nearly four years of open debate and to motivate those in power billion to Khartoum in a late 2012 agreement.
civil war that led to a halt in the nation’s oil to foster a peaceful future for South Sudan, South Sudan is also supposed to pay royalties
production. “The oil market is appreciating but at the same time to be prepared for other fees for each barrel of oil it exports through
now very well the oil price is going up its scenarios. Sudan. But Thiik said Juba still owes US$1.3
US$65 a barrel and yet in South Sudan, it’s The report updates developments in South billion of that original amount.
something we need to celebrate because our Sudan based on a 2016 analysis of five possible REUTERS, December 6, 2017
economy is driven by oil. We are going very scenarios for the country: United in diversity,
well in the oil industry,” Petroleum Minister divided leadership, fragmentation, 21
Ezekiel Lol Gatkuot said. kingdoms and dictatorship. According to the W E ST AF R I C A
“If you look at the production in Dar CCNP’s analysis, without swift and concerted
Petroleum or DPOC in Paloch, we used
to produce 270,000 bpd but now we are
action South Sudan is heading toward one
of the darker of these scenarios. However, it ESIA process begins for
producing 135,000-140,000 bpd. Then if you
go to GPOC we used to produce close to
is not too late to steer the country toward a
better scenario, unity in diversity. This would Tower in Cameroon
200,000 bpd but now we are producing zero,” take political will and a renewed political Tower Resources has announced that it
said Gatkuoth. “So we have agreed with Sudan process. has awarded CIME Services of Cameroon
to resume the production there,” he added. To achieve this, the CCNP calls upon all the support contract for preparing an
The minister further disclosed that the French South Sudanese parties to end the military Environmental and Social Impact Assessment
oil giant Total and Tullow also expressed strategy through a complete and sustained (ESIA) for the drilling of multiple wells on
willingness to invest in South Sudan’s oil cessation of hostilities and return to dialogue Tower’s Thali licence in Cameroon.
blocks. and the renewal of the political peace The ESIA is a process governed by the
“Total is coming back for B1, B2 and you process. Parties should establish a transitional Ministry of Environment, Nature Protection
have Tullow being committed to making sure authority of technocrats that would allow for and Sustainable Development of Cameroon
that we are going to seal the deal with them. important reforms to be made before free (MINEPDED). The contract has been
awarded following a competitive tender Ghanaian workers, numbering about five verification is still ongoing, as only 60% of the
among three companies, and covers the hundred, say they are gradually being replaced expected data has been received, while the rest
preparation and approval by MINEPDED by other nationals on the field despite having are being awaiting.
of the terms of reference of the ESIA, the same qualification. He explained that the essence of embarking
preparation of a stakeholder consultation A situation one worker who spoke on on the verification exercise was to address
report, and support through public hearings condition of anonymity describes as a breach issues of bankability and the need to attract
and the submission of the ESIA report to the of the country’s local content laws. They investors and financiers to the gas flare
MINEPDED for approval. believe the move is also a violation of their commercialisation initiative. He said that the
The completion and approval of the three months renewable contracts with overall idea was that the country must have a
ESIA constitute an important step before Amaga Oilfield and Orsam for the past nine credible, measurable, attainable data that was
launching the drilling campaign on the Thali months. bankable, so that it would be an investment-
license. CIME is a highly experienced firm in CITIBUSINESS (GHANA), December 6, 2017 grade data for investors and lenders to put
conducting oil and gas ESIAs in Cameroon. their money.
It is expected that the ESIA process will be
completed by June 2018. Nigeria, World Bank, others Derefaka noted that by the time investors
see that the World Bank had done a lot of
TOWER RESOURCES (UK), December 11, 2017
verify gas flare sites studies with the federal government, and
the remaining sites are verified, they would
Workers strike over Programme Co-ordinator of the Nigerian
Gas Flare Commercialisation Programme at
come in and make investment. “We have
bankability issues, because data is very key to
wrongful dismissals at Nigeria’s Ministry of Petroleum Resources
Justice Derefaka says the federal government
us. Without accurate data, gas flare data, then
this programme is dead on arrival.
OCTP has commenced the verification of gas flare
sites across the country. He said that the
NAN (NIGERIA), December 6, 2017
indicated interest to secure the insurance stated that the State Government is already Association of Nigeria (PENGASSAN)
renewal contract for its oil and non-oil assets. having fruitful discussions with Messrs has threatened to disrupt fuel supply and
In a statement signed by the Groups General Diversified Global Eco- Energy, DGE, and distribution across the nation via a strike
Manager, Mr Ndu Ughamadu, it said the efforts have resulted in the starting of the action from December 18, 2017. The
bidding was part of corporation effort to project using Ibadan North and South West association said it is unhappy with the Federal
ensure transparency. Local Government as a pilot scheme with a government for not addressing its grievances
It quoted the NNPC Group General total of 100 MW. as regards unfair labour practices by the
Manager of Risk Management and Insurance, Dauda said that Ibadan North Local management of some indigenous oil and gas
Mr Modupe Bameke, who said that the Government is chosen to represent the companies.
bidding was also a requirement of the Bureau residential client template of the scheme This latest development was made in a
of Public Procurement (BPP). while Ibadan South West Local Government statement by the general secretary of the
“The essence of this public bid opening represents the industrial client template, association, Comrade Lumumba Okugbawa.
is to ensure that the Corporation complies pointing that a total of 50 MW is intended to The association expressed anger over
strictly with the provisions of the Bureau of be provided for each of the Local Government unfair labour practices and the government’s
Public Procurement Act (BPP). All the bids Area chosen as a pilot scheme. inability to tame some indigenous oil
will be opened in the presence of everybody THE NEWS (NIGERIA), December 10, 2017 and gas companies and marginal field
to ensure that all entries are properly captured operators. PENGASSAN accused Neconde
in line with the transparency principle of the
NNPC,” he said. Senate threatens NAPIMS Energy (of Nestoil Group of companies) of
sacking workers that joined the union and
Also, the Group General Manager of
Supply Chain Management, Mr Shehu Liman, boss with arrest over Egina dehumanising them in total disregard of the
rules of engagement.
said that the public opening bids measure was
aimed at providing a level playing field for all project According to Okugbawa, “The action
of companies such as Neconde in the mass
bidding companies. The Senate Committee on Local Content sacking of Nigerian workers contributes in
“The idea is to select broking and insurance has ordered the Group General Manager no small measure to the unending militancy
companies that are credible and capable of of National Petroleum Investment and in the Niger Delta. This company has also
track records of performance. What this Management Service (NAPIMS), Mr Roland severally boasted that no government agency
means is that we are going to eliminate all Ewubare, to appear before it in the next 24 can call it to order.”
those transactions that are not necessary”. hours, or risk consequences. SWEET CRUDE (NIGERIA), December 8, 2017
A breakdown of bidders shows that 245 The Chairman of the committee, Sen.
brokers tendered for oil assets, 251 brokers
tendered for non-oil assets while 37 insurance
Solomon Adeola, said Ewubare was expected
to appear before the committee to explain the Nigeria’s Senate passes
companies tendered for oil assets and 44
tendered for non-oil assets.
huge variations associated with the US$16
billion Egina Deep Sea Oil Project. Adeola 2018-2020 budget
NAN (NIGERIA), December 10, 2017 decried that it was becoming a tradition in
the Nigeria National Petroleum Corporation framework, raises oil price
Oyo set to generate 2000 (NNPC) and its subsidiaries to treat National
Assembly invitations with levity. estimate
MW through IPP He said the committee would no longer
tolerate this, adding that “henceforth we
Nigeria’s Senate passed the government’s
medium-term expenditure framework for
The Oyo State Government has claimed that will not deal with ‘lieutenants’ of these 2018-2020 on Tuesday, raising its oil price
necessary arrangements are being put in agencies without their heads or cogent assumption to US$47 from US$45 per barrel.
place to generate more electricity through reasons in advance.” According to him, The document, which the government
the Independent Power Project (IPP), saying “NAPIMS has sent three General Managers agreed upon in August before sending it to
that it has sought the approval of the National as representatives to the committee after it lawmakers for approval, is the framework
Energy Regulation Commission (NERC) to received an invitation three weeks ago for an used to prepare the country’s budget.
generate 2000 MW embedded power. appearance of the Group General Manager. Aside from the oil price assumption, all
The Commissioner for Works and “He was invited to throw light on other details contained in the document were
Transport, Mr Wasiu Dauda, made submissions made by Total Exploration kept the same by the lawmakers in the upper
the disclosure during a meeting with and Production Nigeria handling the Egina house of parliament. It must also be passed
the Management of Ibadan Electricity project but we have not seen him since the by the lower chamber before being applied to
Distribution Company (IBEDC) at IBEDC invitation was sent three weeks ago,” he said. spending plans.
office headquarters in Ibadan. Dauda stated The Vice Chairman of the Committee, Sen. Nigeria is Africa’s biggest oil producer
that the state government is poised to proffer Godswill Akpabio, according to the statement, and crude oil sales make up two-thirds of
a lasting solution to the challenge of power expressed displeasure over the inability of the government revenue. In the second quarter
generation shortfall in the state in order to GMD to appear before the committee. Nigeria emerged from its first recession in
improve the social and economic growth of SWEET CRUDE (NIGERIA), December 8, 2017 25 years which was largely caused by low oil
individuals, corporate organisations, the state prices and militant attacks in the Niger Delta
and the country at large.
The Commissioner explained that the Fuel scarcity to worsen energy heartlands.
The budget framework projects crude
analysis of the energy needs of the State
revealed that Oyo State requires about 1265 as PENGASSAN threatens production of 2.3 million bpd for next year.
It also forecasts growth of 3.5% for next year,
MW, adding that the State Government has
requested for the approval of the NERC to strike rising to 4.5% by 2019 and 7% by 2020.
REUTERS, December 5, 2017
generate 2000 MW embedded power. He The Petroleum and Natural Gas Senior Staff
on capital spending.
In the analysis, which Lusa has access to,
Eni, together with its Area 4 Partners, has
announced that the Coral South FLNG multi- Tanzania’s Magufuli
the Fitch consultancy experts say that, with
the approach of the municipal elections in
sourced project financing achieved financial
close, for a total amount of US$4.7 billion to launch nationalism
2018 and legislative elections in 2019, “the
authorities will refrain from cutting current
in the following facilities: BPI Export Credit
Agency Covered Loan, KEXIM Export Credit campaign
expenditure and thus capital spending will Agency Covered Loan, Ksure Export Credit Tanzania’s President John Magufuli it set
inevitably suffer most in fiscal consolidation”. Agency Covered Loan, Sace Export Credit to launch a nationalism campaign at the
This, they continue, will result in “a Agency Covered Loan, Sinosure Export Credit University of Dodoma. The drive, organised by
smaller implementation of infrastructure Agency Covered Loan, Commercial Bank the Ministry of Information, Culture, Sports
projects, which will negatively influence the Direct Loan and KEXIM Direct Loan. and Arts, is aimed at inculcating patriotism
competitiveness of the economy and keep Coral South FLNG is the first project among Tanzanians. Dr Harrison Mwakyembe,
GDP growth well below the trend of recent sanctioned by the Area 4 Partners for the the minister, briefing reporters in Dodoma,
years”. BMI Research predicts a government development of the considerable gas resources said that in recent days unity and solidarity had
deficit of 4.4% this year and 3.8% in 2019, discovered by Eni and its Partners in the been diminishing among the people, including
noting that last year, “capital expenditure Rovuma Basin offshore Mozambique. It leaders, due to lack of nationalism.
almost stopped compared to the previous targets the production and monetization of He added that the ‘Nchi Yangu Kwanza’
year”. the gas contained in the southern part of the (My Country First) campaign, which is part of
Capital expenditure comprises Coral gas reservoir, by means of a floating the Independence commemorations, will help
infrastructure costs borne by the state and LNG plant with a capacity of 3.4 MTPA. A revive the spirit of nationalism as espoused
is of particular importance in Mozambique Sale and Purchase Agreement was signed by the founding leader Mwalimu Julius
due to the weak logistic conditions faced by in 2016 for the sale of 100% of the LNG Kambarage Nyerere. “It’s a shame to see some
large multinationals wanting to invest in the production to BP. people showering praise on leaders who have
country. Eni is the Operator of Area 4, holding a been ejected out of the leadership system due
CLUB OF MOZAMBIQUE (MOZAMBIQUE), 50% indirect interest through its participation to malpractices, especially fraud,” he said.
December 5, 2017 in Eni East Africa (EEA). In March 2017, He said the country cannot industrialise
Eni and ExxonMobil signed a Sale and its economy unless all people embrace
Keppel Offshore & Marine Purchase Agreement to enable ExxonMobil
to acquire a 25% interest in Area 4, through
nationalism. “Development calls for unity and
solidarity, in absence of these, nothing good
inks Mozambique FLNG EEA. The remaining interests in Area 4 are
held by CNODC (20%), Empresa Nacional
can be achieved,” he insisted. Tanzania will
mark its 56th Independence Day celebrations
Keppel Offshore & Marine, through its de Hidrocarbonetos E.P. (ENH, 10%), Kogas on December 9.
subsidiaries, has signed new contracts from (10%) and Galp Energia (10%). THE EAST AFRICAN (KENYA), December 7,
Petrobras and SOFEC, worth in total about ENI (ITALY), December 6, 2017 2017
v
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