How BNP snubbed Addax Petroleum
While it had been selected by the Chinese oil firm to sell its African assets, the French bank has opted to pull out of the process. Here's why. [...]
For many African nations oil is their main source of income. More than a matter of fields and wells, oil production in Africa is a question of access to power and regional balances. Africa Intelligence reports on the continent's oil sector through this political filter.
Total is poised to become a key player of Algeria's oil and gas sector this year following its purchase of Danish firm Maersk's oil assets along with Engie's LNG branch (formerly GDF-Suez). While Total's popularity may be soaring in Alger, [...]