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Equatorial Guinea: Supercar sale fetches $27m

A sale took place in Switzerland on 29 September of 25 supercars seized by Swiss authorities from vice-president Teodoro Nguema Obiang Mangue, known as Teodorín, the son of the president. The cars were auctioned with no reserve on behalf of the...

Israeli gas to reach Egypt by 2020

On 2 October, Noble Energy, Delek Drilling and their partners in the offshore Leviathan and Tamar fields announced that they had restructured the quantities of gas they are committed to sell to Egypt’s Dolphinus Holdings, an entity run by a trio...

Eni pursues Congo ambitions

An announcement from Eni saying chief executive Claudio Descalzi met Democratic Republic of Congo (DRC) President Félix Tshisekedi on 13 September in Kinshasa gave little away, saying only that they discussed forest conservation initiatives and...

Zimbabwe: Power tariffs rise again

The government has approved a domestic electricity price rise of more than 200% from 3 October, raising tariffs to about US$0.12/kWh from approximately US$0.02/kWh. Following the rise, the second since August, domestic users will pay Z$0.41 for...

Riyadh and Tehran step back from the brink as Trump prevaricates

US President Donald Trump’s lack of enthusiasm for backing up his heated anti-Iranian rhetoric with meaningful military resources, even in the wake of last month’s attack on the Abqaiq oil facilities in Saudi Arabia, appears to be a key...

Doha and Riyadh revive their Lebanese interests as Beirut’s economy tanks

Lebanese Prime Minster Saad Hariri was due to head from Beirut to Dubai on 7 October to attend an investment conference, as Gulf Co-operation Council states mull fresh requests for bailouts from a crisis-hit economy which is running perilously...

Qatar: Further questions about US attitude to Al-Udeid air base

On 28 September, US Central Command briefly moved the command and control of its air operations from their normal location at Al-Udeid in Qatar to Shaw Air Force Base in South Carolina. The Combined Air and Space Operations Centre (CAOC) at Al-...

Kuwaiti management issues undermine heavy crude ambitions

Several high-level sources in the country’s energy sector have told GSN that heavy crude is the lifeline to Kuwait Petroleum Company (KPC)’s energy future, as production at other fields has reached maturity over the past decade. However,...

UAE: Mohammed Bin Rashid watches space video

Federal Vice President and Prime Minister, and Dubai Ruler of Sheikh Mohammed Bin Rashid Al-Maktoum interrupted a bike ride on 25 September to watch footage of the Emirati astronaut Major Hazza Al-Mansouri heading into space, the first person...

Tonga: King opens embassy in Abu Dhabi

King Tupou VI of Tonga visited Abu Dhabi in late September to open his country’s first embassy in the UAE, located in Etihad Towers. The limited extent of opportunities with the Pacific island nation was clear by the fact that the UAE only sent...

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