An oil tanker which illegally lifted Libyan crude from the As-Sidrah terminal, currently outside government control, may have been heading for the Gulf with the aim of selling its cargo in Fujairah, according to oil market sources. Investigations...
On 4 March, Swiss-registered engineering firm Foster Wheeler announced that it had won the initial design contract for a new onshore liquefied natural gas (LNG) import and regasification terminal for the Kuwait National Petroleum Company (KNPC)....
A court sentenced the chief executive of state-owned Oman Oil Company (OOC), Ahmed Al-Wahaibi, to 23 years in jail on 27 February for accepting bribes, abuse of office and money laundering. It was the most severe punishment meted out in a series...
Interior minister Prince Mohammed Bin Nayef (MBN)’s recent high-profile visit to Washington was followed by widespread reports that he has been charged with rescuing the Syria portfolio, and is retuning Saudi policy to better suit Washington. The...
Iraq’s fast-approaching 30 April general election has so far been overshadowed by the ongoing armed conflict in the western province of Al-Anbar, and a deteriorating security climate nationwide. The instability has cast doubts on whether the...
Iran may have topped its group in qualifying for the fast-approaching 2014 Fifa World Cup but, at home, football remains fraught with allegations of match fixing, favouritism and bribery. In many ways, football in Iran is a microcosm of the...
Donors meeting in Paris on 24 February pledged CFA3.73trn ($7.8bn) for a development plan aimed at doubling economic growth over the next decade. President Macky Sall, who was elected in 2012 to replace Abdoulaye Wade, has sought to stamp out...
28/02/14
The suspension by President Goodluck Jonathan of Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi led the naira to fall sharply and investors to rue the volatility of Nigerian politics. But it was hardly a...
The audit, funded by the UK’s Department for International Development, was contracted following revelations of the so-called “cashgate” scandal that caused President Joyce Banda to sack her cabinet in October and led to the suspension of $150m...
On 17 February, opposition troops drove government forces out of the Upper Nile state capital Malakal, about 500km north of Juba near the border with Sudan. Malakal is less than 150km from major oil production facilities in the state, but output...
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