Japan’s Mitsui OSK Lines Ltd (MOL) and Karadeniz Holding AS announced on 30 August that they would develop the first LNG-to-powership project in Mozambique. The project, which will be implemented under the joint brand Karmol, involves mooring a...
The Ministry of Mineral Resources and Energy invites expressions of interest by 18 September from consultants to review, update and complete Mozambique’s power grid codes. The project aims to review, revise and present proposals for the amendment...
The US Export-Import Bank said on 22 August its board planned to vote on a $5bn loan for the Area 1 Mozambique LNG project. A statement said it had notified Congress of the transaction, which would be voted on after a 35-day congressional...
Kibo Energy announced on 5 September that it has signed a non-binding power purchase term sheet (PPTS) and non-binding coal supply term sheet (CSTS) with Vale Mozambique SA for the Benga coal power project. AIM-listed Kibo holds a 65% stake in...
US-based private equity fund Brookstone Partners has won a decisive victory against its former partners in Casablanca-based Platinum Power which should allow it to eventually assume control of the company’s roster of pipeline projects in Morocco...
Emiratis are preparing for their next experience of limited participatory politics with elections for the advisory Federal National Council (FNC) taking place until 5 October. The National Election Committee (NEC) opened at least one candidate...
The authorities have been showing signs of clamping down on excesses by those in power – always a key theme in Kuwaiti politics where a series of high-profile corruption cases in the past few years involving the highest-level civil servants and...
Work has stopped on Al-Maktoum International Airport (also known as Dubai World Central), whose mega-expansion would eventually bring design capacity to 260m passengers a year. Bloomberg reported that Dubai’s decision to halt construction...
The International Finance Corporation (IFC) on 24 July announced a €300m ($337m) financing package for expansion of the Azito Energie gas power plant. The project, known as Azito IV, will add a 181MW gas turbine and 72MW steam turbine to operate...
A Congolese company has announced an onshore oil discovery in the Cuvette Basin in northern Congo, which its promoters say could open up a large new area extending into Democratic Republic of Congo and Central African Republic. The discovery was...
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