Following months of tension between the Chinese owners of the loss-making Société de Raffinage de Zinder (Soraz) refinery and state distributor Société Nigérienne des Produits Pétroliers (Sonidep), the government has agreed to end Sonidep’s...
Senior officials and some notable international investors are optimistic that Egypt’s upstream sector is back on track, but this does not mean that some casualties have not been left by the wayside. The announcement of a new licensing round and...
The UK’s Serious Fraud Office (SFO) has begun investigations into Rolls-Royce’s operations in Nigeria, following accusations that the London Stock Exchange-listed engineering group filtered payments through intermediaries such as Unaoil to win...
Two reports published at the Africa-EU Energy Partnership (AEEP)’s Second Stakeholder Meeting, held in Milan on 17-18 May, showed key sectors of the continent’s energy industries in a period of transition. The AEEP’s Status Report Update 2016...
A two-thirds increase in fuel prices has sparked protests, but the government says it can no longer afford to subsidise fuel amid a deepening economic crisis as the slump in world oil prices slashes national income. Tankers bringing in fuel have...
A British High Court judge has awarded damages of £683,000 and costs of £87,000 to Sheikh Talib Bin Saqr Al-Qassimi in a case he brought against a UK-based builder who defrauded him and failed to complete work at a pair of properties in London...
The Abu Dhabi and Dubai ruling families have long been keen buyers of London real estate, but scrutiny of the Panama Papers – the leak of 11.5m files from offshore law firm Mossack Fonseca – and UK Land Registry data reveals the Fujairah ruling...
Relations between Riyadh and Washington have come under additional strain, after the US Senate passed legislation that would allow survivors and relatives of those killed in the 11 September 2001 (9/11) attacks to file lawsuits seeking damages...
In what appears to be a reconciliatory gesture towards what Riyadh sees as Yemeni rebels, Saudi foreign minister Adel Al-Jubeir has described the Houthis as being an intrinsic part of Yemeni society. “Whether we agree or disagree with them, the...
The reshaping of economic policy and changing of the guard in senior government ranks continues to gather momentum in Riyadh, with new ministers in charge of oil, electricity, commerce and transport, as well as a new central bank governor. The...
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