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CONGO

How government departments intend to divvy up Total, ENI and Perenco fines

The finance minister recently signed a decree on the sharing of upstream oil fines between the various government departments, but the text raises numerous legal issues. [...] (361 words)

Issue dated 03/06/2021 Reading time 2 minutes

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Energy

Perenco installs new MD in Cameroon to do battle with Addax/Sinopec

The French oil company Perenco has opted to promote a young drilling engineer to the top job at its Cameroonian subsidiary, one of its biggest on the continent. [...]

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Perenco makes core staff changes to roll out mass investment plan

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Adrien Broche (Perenco) with oil minister Vincent de Paul Massassa. © Facebook/@PetroleGOUVGA

ITALY NIGERIA Energy 22/06/2021

Sergio Spadaro, prosecutor Pasquale's loyal deputy in ENI legal battles

Sergio Spadaro, a public prosecutor in Milan, has over the past decade become a major figure in the fight against corruption in Italy, relentlessly pursuing the oil major and its subsidiaries as well as politicians. [...]

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WNR launches arbitration against Brazzaville after its Marine XI ousting

Furious at having lost its shares in the Marine XI oil block, World Natural Resources has decided to bring its dispute with the Congolese state before the World Bank's ICSID tribunal. [...]

CONGO Energy 16/04/2021

Gunvor execs named in Congo corruption case hit by new scandal

A former employee of Swiss trader Gunvor admitted in early April that he paid nearly $22m in bribes to Ecuadorian officials between 2012 and 2019 to win contracts with the state-run oil company. He was working under the supervision of executives who were already in their jobs when a similar case occurred in 2012 in Congo and Ivory Coast. [...]

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Pointe-Noire oil refinery: the Congolese government gives legal backing to ghost project Free

Chinese firm BFDI is busy obtaining the necessary authorisations to begin building an oil refinery in Pointe-Noire, a project the Congolese government first tried to set up in 2014 before its American investors pulled out. [...]

Congolese president Denis Sassou Nguesso. © Sebadelha Julie/Abaca Press/Reuters

CONGO Energy 14/01/2021

Denis Gokana puts a spoke in Total's wheels at Djeno terminal

Total is still set to operate the Djeno oil terminal for the next twenty years. But the terms for the extension are likely to be much harsher than what presidential advisor Denis Gokana led the French major to believe. [...]

Inner circles

CONGO Energy Diplomacy 06/05/2020

How Denis Gokana became Nguesso's unchallenged oil supremo

Denis Gokana, adviser to Denis Sassou Nguesso on oil matters, has succeeded in building powerful contact networks, enabling him to eclipse the exploration and production competition. [...]

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Bruno Jean-Richard Itoua
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