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CONGO

Scary times for traders

The plunge in the oil price and stagnation in Congo-B’s production have prompted Glencore and Trafigura to try to re-negotiate their agreements with SNPC. [...] (327 words)

Issue dated 12/01/2016 Reading time 2 minutes

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Energy

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CONGO
Denis Sassou-Nguesso
Glencore
Natixis
SNPC
Trafigura

Glencore and Trafigura's schizophrenic gameplay

While on the verge of a deal with their debtor SNPC and the ministry of finance, the trading houses have also struck up talks with prime minister Mouamba. [...]

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Debt negotiations: Lucien Ebata's fall from grace

Two years after being named "special advisor on foreign funding", the former trader Lucien Ebata has lost his place as the country's main go-between with lenders. [...]

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Lazard trying to twist Glencore and Trafigura's arm

Lazard, the bank mandated by the Congolese government to help the country renegotiate its debt with oil traders, has a thorny task ahead of itself. [...]

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Lucien Ebata's Eurobond dreams

Sassou Nguesso's new special adviser has been in top secret talks with Western banks. An exclusive! [...]

CONGO Energy 29/11/2016

Sassou N'guesso counts on rise in output to save his economy

Congo-B's draft budget for 2017 is forecasting oil output of [...]

CONGO Energy 05/07/2016

How Worldwide paid $359 million to SNPC

Prior to Congo-B's last presidential election, the small Emirati trader Worldwide paid in advance for 5.7 million barrels of Djeno or Nkossa grade oil. It has yet to receive a single drop. [...]

AFRICA Energy 23/02/2016

Trafigura’s old guard shoved to the sidelines

Management of Trafigura’s oil affairs was suddenly withdrawn from Jean-Pierre Valentini, the trading giant’s long-standing authority on Africa. [...]

CONGO Business 11/11/2015

Natixis takes risky leap with SNPC

The French bank has invested in the oil trading company at a time when SNPC is struggling to keep afloat. [...]

CONGO Energy 10/11/2015

SNPC won't be able to pay back advance funding

The drop in the oil price is going to prevent the national oil company from paying back loans it contracted with banks. [...]

CONGO Energy 01/09/2015

Jean-Marc Tchicaya, the new uncrowned oil king

In a limited cabinet shuffle on Aug. 11, Jean-Marc Tchicaya, a 47-year-old native of Pointe Noire, was promoted to the [...]

CONGO Energy 31/03/2015

What will change under new oil legislation

Approved during a cabinet meeting on March 25, a new oil and gas bill will signal the start to a campaign to promote new exploration acreage. It will also hand fresh powers to SNPC. [...]

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CONGO
Denis Sassou-Nguesso
Glencore
Natixis
SNPC
Trafigura

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Scary times for traders

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Set up email notifications for these topics

Glencore and Trafigura's schizophrenic gameplay

Debt negotiations: Lucien Ebata's fall from grace

Lazard trying to twist Glencore and Trafigura's arm

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Sassou N'guesso counts on rise in output to save his economy

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SNPC won't be able to pay back advance funding

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What will change under new oil legislation

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Scary times for traders

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Glencore and Trafigura's schizophrenic gameplay

Debt negotiations: Lucien Ebata's fall from grace

Lazard trying to twist Glencore and Trafigura's arm

Lucien Ebata's Eurobond dreams

Sassou N'guesso counts on rise in output to save his economy

How Worldwide paid $359 million to SNPC

Trafigura’s old guard shoved to the sidelines

Natixis takes risky leap with SNPC

SNPC won't be able to pay back advance funding

Jean-Marc Tchicaya, the new uncrowned oil king

What will change under new oil legislation

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: