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Congo

Total to Take M'Boundi Stake?

Africa Energy Intelligence understands, that Maurel & Prom, the French company owned by Jean-Francois Henin, has begun talks with Total [...]

Subscribers only Energy 20.04.2004

Keeping Lid on the Last Secrets

After publishing all the audits related to its oil industry, Brazzaville is trying to avoid unveiling the contents of an agreement settling its disputes with Total.

Subscribers only Energy 20.04.2004

Perenco On The Move

After acquiring Marine IV last year, Perenco has bought Nuevo's stake on the Yombo concession.

Subscribers only Energy 20.04.2004

Magnesium Alloy Corporation

Magnesium Alloy Corporation has signed a memorandum of understanding with [...]

Subscribers only Mining 13.04.2004

Cash Lifeline to SNE

Confronted by severe power cuts, Congo-B's national utility appears in line for a big loan from the World Bank.

Subscribers only Energy 06.04.2004

Two Congos in Silent Gem War

The authorities in Democratic Republic of Congo are conducting a silent battle against Congo-Brazzaville which it accuses of illicitly importing [...]

Subscribers only Mining 30.03.2004

What the Auditors Said

Kept under wraps until now, a report by the KMPG accountancy group on Congo-B's oil revenue points up a few management lapses. But the report is far from complete, as KMPG itself admits.

Subscribers only Energy 23.03.2004

The Likouala Factor

One of the transactions missed by KPMG's auditors was a loan guaranteed by oil from the Likoula field that Congo mounted last summer.

Subscribers only Energy 23.03.2004

SNE Pays its Debts

Following numerous power cuts in recent months in Brazzaville and Pointe Noire (AEI 365), Congo-B's Societe Nationale d'Electricite has paid [...]

Subscribers only Energy 23.03.2004

Magnesium Alloy Corporation

Magnesium Alloy Corporation (Megalloy) has set up a new company, [...]

Subscribers only Mining 16.03.2004

South Africa's state-owned utility Eskom has just sealed a strategic alliance with MagEnergy, an affiliate of the MagAlloys mining company, to supply its operations in Congo-B with power from the Inga dam in Democratic Republic of Congo.

Subscribers only Energy 09.03.2004

Debt & Power Cuts

Congo-B's debt to Societe Nationale d'Electricite (SNEL) in neighboring Democratic Republic of Congo amounts to nearly $35 million and largely [...]

Subscribers only Energy 09.03.2004

Secret Repayments

A move by Total last year to transfer the Likoula field to Congo-B reportedly enabled Brazzaville to mount a loan [...]

Subscribers only Energy 09.03.2004

June Deadline for Program

Congo-Brazzaville agreed during a two week mission of the International Monetary Fund to the country to submit to a new [...]

Subscribers only Energy 24.02.2004

De Beers and BHP Billiton are Coming In

On the sidelines of the Indaba Mining Conference, De Beers and BHP Billiton launched an offensive to get a foothold in Central Africa.

Subscribers only Mining 17.02.2004

Line Up For Licensing Round

Odex, Premier Oil, Sinopec, DiamondWorks and Agip all put in bids in a licensing round in Congo-B that was staged in September.

Subscribers only Energy 10.02.2004

Bruno Itoua

Once the Societe National des Petroles du Congo (SNPC) is transformed into a holding company with seven distinct branches, as [...]

Subscribers only Energy 10.02.2004

Negotiations for an Air Accord

The Ugandan and Congolese civil aviation authorities are set to meet soon to review their bilateral air agreement.

Subscribers only 06.02.2004

Assets for Creditors

Negotiations which began late last year have resulted in most of Congo-Brazzaville's creditors agreeing to be paid part of the [...]

Subscribers only Energy 27.01.2004

Spotlight
What to Expect from SNPC Overhaul

Congo-B's Societe Nationale des Petroles du Congo is in the process of converting itself into a self-governing company