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Tunisia legislates to stimulate upstream investment and retain bigger players

As Tunisia’s new administration beds in, Entreprise Tunisienne d’Activités Pétrolières (Etap) is looking beyond its traditional status as an under-resourced department of government to take a more hands-on role in oil and gas development,...

South Sudan targets output increase

South Sudan plans to raise production to 290,000 b/d in the 2017-18 fiscal year, which runs from 1 July to 30 June, finance minister and former oil minister Stephen Dhieu Dau said on 27 January. This is substantially higher than the 220,000 b/d...

Court action looms for South Africa’s Eskom and REIPPs

Negotiations between government departments and Eskom this month will try to resolve an impasse in which the utility has refused to sign power purchase agreements (PPAs) with renewable energy independent power producers (IPPs) selected by the...

Morocco: Sound expects to produce gas within three years

Having secured new equity finance and access to local debt markets, Sound Energy expects to receive a concession for its initial development in the Tendrara-Meridja Basin by Q4 2017 or Q1 2018, and will then start drilling 18 development wells to...

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...

Oil: Production cuts don’t alter market fundamentals

The fact the marker Brent crude held in a range of $54-56/barrel (bbl) for most of January was an undoubted success for members of the Organisation of Petroleum Exporting Countries (Opec), who along with 11 non-Opec producers, led by Russia,...

Egypt: Court blocks Red Sea island handover

Egypt’s Supreme Administrative Court upheld a lower court’s ruling to cancel a deal between Cairo and Riyadh to hand over two uninhabited Red Sea islands, Tiran and Sanafir, to Saudi Arabia (GSN 1,018/4). The court ruling on 16 January was a...

Bahrain: Executions spark protests

Three men convicted of killing police officers in March 2014 were executed by firing squad on 15 January, the first death sentences carried out in Bahrain since 2010. The sentences for Ali Abdelshaheed Al-Sankis, Sami Mirza Mshaima and Abbas...

US Presidency: Gulf looks for silver linings

After all the campaign bluster, the Donald Trump administration is finally installed in the White House. The opening days of his presidency, which formally began on 20 January, appear to confirm the worst fears of many, in that he will govern in...

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