Since taking over at the helm of the South African subsidiary of the French major Total in August 2018, the Nigerian Adewale Fayemi has become the leading private sector player in South Africa's oil industry. [...]
Because he authorised Sahara Energy to apply fuel prices likely to cost the Cameroonian state tens of millions of dollars in additional subsidy pay-outs, the energy minister has angered the finance minister who is supposed to find the extra funding. [...]
Cayman Islands-registered asset manager VR Advisory Services, which has a 25% stake in the capital of P&ID, has asked an American court to quash the summons with which it has been served in its $9bn legal dispute with Nigeria over a failed LNG project. [...]
