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Gabon: Addax resolves dispute with new PSCs for three fields

Sinopec subsidiary Addax Petroleum has successfully resolved its multimillion dollar legal dispute with the government of Gabon, signing a new production-sharing contract for the Tsiengui, Obangue and Autour oil fields. Addax said the agreement...

DA/Agang alliance sign of new South African political landscape

This year’s elections in South Africa, 20 years after the first all-race elections in 1994, offer an opportunity to reconfigure the country’s politics after two decades of African National Congress (ANC) rule. This will be the first election in...

Soma wins funding for Somali seismic survey

Soma Oil & Gas, led by former UK Conservative party leader Michael Howard, has secured an equity investment of $50m from British Virgin Islands-registered private investment company Winter Sky. Soma has an agreement with the Somali Federal...

DR Congo postpones debate on oil law

National Assembly chairman Aubin Minaku on 22 January ordered the suspension of debate on Democratic Republic of Congo’s new oil law, which was approved by the Senate last year. There is still a long way to go, as only 20 articles have been...

South Sudan ceasefire is only a first step

Under a peace agreement signed in Addis Ababa on 23 January, the government and dissident elements of the Sudan People’s Liberation Movement/Army have committed to ceasing “all military actions”, to “freeze their forces at the place they are in”...

Iraq’s southern oil producers react angrily to budget

The Iraqi cabinet passed the 2014 draft budget on 15 January, but its passage through parliament is facing a number of challenges. As well as complaints from the Kurds (see box, page 5), the budget’s failure to follow through on a 2013...

Zambia’s Zesco looks to expand but bond plans unsettle IMF

Zesco has drawn up plans to spend some $5bn over the next five years to expand its generation, transmission and distribution infrastructure and is now looking at ways to raise funds. But donor concerns are being raised about the sustainability...

Saudi Arabia: Mishaal Bin Abdelaziz’s case will start in February

London’s High Court is preparing for a high-profile case due to start in February, involving two Saudi royals: businessman and Allegiance Commission chairman Mishaal Bin Abdelaziz and his son Abdelaziz (Apex Global Management Ltd v FI Call Ltd,...

Saudi Arabia: Soroof International

In late December, Al-Khobar-based Soroof International said it would file a complaint in the Saudi criminal court against Electricité de France International (EDF) for remedies against the offences and harms caused to Soroof and its owner, Prince...

Qatar’s ACTA slow off the ground

As Kuwait’s anti-corruption authority takes shape (see main story), in Qatar, the Administrative Control and Transparency Authority (ACTA), set up in late 2011 by emiri decree, is not as advanced. Qatar’s well-known former energy minister...

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