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Oil production in prospect as election looms

Kenya will be able to announce the start of oil production in 2017 as President Uhuru Kenyatta seeks a second term in office in elections set for August. But while Kenyan politicians have picked on Tullow Oil’s planned early oil pilot scheme (...

Naming ceremony for Sankofa FPSO

Singapore’s Keppel Shipyard held a naming ceremony on 3 February for the John Agyekum Kufuor floating production, storage and offloading (FPSO) vessel for Eni’s Sankofa oil and gas development (AE 337/1). Keppel Shipyard will deliver the vessel...

Oman bends to locals with fuel price fix

Public protestors in Oman have scored a notable victory, with the government agreeing to cap petrol prices. The move followed a demonstration on 2 February, when locals called for prices to be frozen or wages to be increased. It was the first...

Al-Khorafis compensated

Members of Kuwait’s prominent Al-Khorafi family have prevailed in the final stage of a landmark legal dispute in Dubai over mis-sold financial products, securing substantial compensation in the process. Judgement was handed down on 29 January by...

Tillerson shifts Yemen policy in Riyadh’s favour

An upturn in the Saudi-led coalition’s assault on the Houthis and forces allied to former president Ali Abdullah Saleh in Yemen coincides with the Trump administration settling into the Washington ‘swamp’. An early signal of how the Trumpistas...

Information minister resigns

Emir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah has been forced into his second cabinet reshuffle in two months, after the latest resignation from government sparked by the long-running saga over Kuwait’s blacklisting by international sports...

Bank Tejarat follows Mellat in seeking sanctions compensation

Iran’s Bank Tejarat has filed a lawsuit in the European Court of Justice (ECJ) to seek compensation from the European Union for losses sustained while under EU sanctions. The suit was filed on 23 January, although it is not clear at this stage...

Zambia: Officials hopeful on exploration

Government officials say that nine companies continue to hold on to exploration acreage in Zambia, despite the unfavourable market conditions. Ministry of Mines and Minerals Development permanent secretary Paul Chanda told African Energy that...

NOC steps into Libya’s power vacuum with bold plan to boost output

Libya’s National Oil Corporation (NOC) has come up with a bold plan to restore output to pre-revolution levels by the end of this year. If it succeeds, the corporation will have effectively established itself as the bedrock of a united Libya...

New Ghana team to tackle economy

the International Monetary Fund (IMF) will send a mission to Accra this month to discuss its three-year $918m programme with the new government of President Nana Akufo-Addo (AE 337/1). A key focus will be the budget deficit, which the incoming...

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