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Tanzania gas bill to be put to parliament

Tanzania’s draft gas bill is set to be put before parliament, which began its final session of the year on 4 November. The legislation will provide a regulatory framework for the downstream sector based on the natural gas policy passed late last...

South Africa sets out Inga III roadmap

On 4 November, the South African parliament’s Energy Portfolio Committee recommended ratification of the Grand Inga Hydro Project Treaty, which was signed in October 2013 in Kinshasa and approved by South Africa’s cabinet on 22 August 2014.The...

View: Majuba incident exposes fragility in South African power industry

6 November 2014

South Africa’s energy security remains fragile as load shedding continues to weigh on GDP – which is forecast to be little over 1% in 2014 – and generation output in late 2014 into 2015 could be further constrained...

Saudi Arabia’s terrorist rehab: a model programme?

In mid-October, Saudi Arabia’s Makkah Online news site ran a story saying that 334 people who had completed the kingdom’s terrorist rehabilitation programme had returned to terrorist groups. Quoting an “official source”, the paper said there was...

Spat officially over – but differences remain

Saudi Arabia, the UAE and Bahrain agreed on 16 November to send their ambassadors back to Qatar, signalling the formal end of a rift which has troubled the Gulf Co-operation Council (GCC) over the past eight months. Following a meeting in Riyadh...

War and mismanagement lead Iraq into fiscal crisis

It appears that Iraq will not pass a budget for 2014. While a draft was passed in January, the legislative process quickly broke down due to a dispute related to Kurdish oil exports, and never resumed as the nation become engulfed in a second...

Kuwait: Coup plot exposes divisions in Al-Sabah

Recent reports that Jassim Al-Kharafi – the former parliamentary speaker and a member of one of Kuwait’s most powerful merchant families – had been charged with “attempting to topple the regime, laundering money and contact with an enemy state”...

Saudi Arabia: Oil price slump: conspiracy or calamity?

A majority of Saudi Arabia’s ruling elite has apparently retained a glacial calm amid global uncertainty as to how and why crude prices have been allowed to slump. The oil price has fallen by over one-third in H2 2014 – to a five-year low of just...

Chad: EITI compliant

Chad has been accepted as a full member of the Extractive Industries Transparency Initiative (EITI) at an EITI board meeting in Myanmar on 15 October. An EITI statement said the country was deemed ‘compliant’ with the global EITI transparency...

Nigeria: IFC buys $50m of Seven Energy bond issue

The World Bank’s International Finance Corporation (IFC) has subscribed to $50m of notes in the inaugural bond issuances by Nigerian gas developer Seven Energy International. Seven Energy is Nigeria’s first unlisted oil and gas company to tap the...

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