Oil

Angola
INA Industrija Nafte quietly says goodbye to sub-Saharan Africa

Once the sale of its stock in Angola has been finalised, the small Hungarian-Croatian firm will have no assets left in sub-Saharan Africa and its geographical presence will be limited to Egypt and Croatia.

Sudan
Petronas vs Khartoum arbitration fizzles out

The arbitration proceedings initiated at ICSID in October 2021 by the Malaysian major Petronas against the government of Sudan, whom it has accused of seizing its assets in the country, have been suspended.

Algeria
MbS due in Algiers to talk oil and Arab League

Following his visit to Greece then France, Saudi Crown Prince Mohammed bin Salman (MbS) is heading to Algiers where he is expected by President Abdelmadjid Tebboune on Friday.

Spotlight | Mozambique
ExxonMobil and ENI leave TotalEnergies in lurch over Afungi

The US and Italian majors are radically changing their plans for the huge gas reserves in their Block 4 in Mozambique. They no longer believe that calm will be restored to Cabo Delgado any time soon.

Tanzania
Latham Island proves thorn in Suluhu's side

A longstanding dispute between Dodoma and Zanzibar over Latham Island has been re-ignited. An increasing number of leading Zanzibari figures are demanding control of the island, currently under the administration of the mainland.

The New Guard
Guinea, Kenya, South Africa, Ghana

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

GuineaDjami Diallo, key to negotiations on the Simandou iron ore project

KenyaOgutu Okudo, oil specialist and Odinga's spin doctor

South AfricaMaropene Ramokgopa, the pro-Ramaphosa leader of the ANC Women's League

GhanaTawiah Agyarko-Kwarteng, social and environmental spokesperson for the cocoa industry

Chad
Employees at Chad's sole refinery outraged at operator CNPC

Despite the government lifting Covid-19 regulations, employees at the Djermaya refinery still have to adhere to drastic quarantine and lockdown conditions. They are discussing a strike that could lead to a fuel shortage, as the country only has one refinery.

Algeria
CREA employers' federation seeks to embody Algerian economic revival

Algeria's brand new CREA employers' federation has hit the ground running and established itself as a key player in the business community. It is keen to distance itself from the defunct business leaders' forum led by jailed oligarch Ali Haddad, a vestige of the last years of the Bouteflika regime.

Spotlight | Nigeria
ExxonMobil brings in new sales director to save Seplat deal

Following a legal setback in early July in its efforts to offload its shallow offshore sites in Nigeria, the US major ExxonMobil is reshuffling its management team.

Algeria
Spanish-Algerian spat endangers Repsol and Edison deal over Reggane Nord

After Tecnicas Reunidas, another Spanish oil company could be affected by Algeria's suspension of its friendship treaty with Spain. Sonatrach could oppose the sale of Edison's interests in the Algerian onshore sector to Repsol.

Angola
Mysterious firm Quantum Digital Technologies helping Luanda sell its offshore blocks

The Angolan regulatory agency has increased the budget for promoting its tender for offshore blocks. The consultancy firm hired for the task is chaired by Tunde Laniyan, a Nigerian businessman with a strong network in Angola and with a presence in onshore exploration through another of his companies.

Congo
Pointe-Noire refinery project still in limbo

The modular refinery project, promoted by a debt-ridden Chinese businessman, has made no progress for over a year.

Mauritania
How Addax-Oryx and Nouakchott buried the hatchet

The sharp rise in oil prices, combined with the authorities cancelling two tenders in early 2022, has cost Mauritania a pretty penny. The state has been on bad terms with its traditional fuel supplier, Oryx Energies, but recently made peace with it and signed a contract to cover the rest of the year.

Chad
French PR agency Corpcom spins for Mahamat Idriss Déby

The Chad presidency uses the services of Guillaume Foucault's Corpcom PR agency to manage N'Djamena's international communications.