Vitol

Congo
Raoul Ominga still on the hunt for $2bn for SNPC

SNPC CEO Raoul Ominga continues his search to secure funding for the firm's future crude oil shipments and organised several meetings in Paris and Geneva with trading firms Vitol, Trafigura, BGN International and Socar Trading.

Gabon
Vitol and Gunvor in running to help GOC secure Carlyle's assets

Having failed to reach an agreement with Vitol, the Gabonese government is once again listening to proposals from other traders to raise the billion dollars needed to buy back the licences held by the American investment fund.

Gabon
GOC changes advisers in quest to buy out Carlyle assets

The state-owned Gabon Oil Co recently reviewed its strategy to give itself a better chance of financing the pre-emption of the US investment firm's assets.

Congo
SNPC boss sought $2bn on Europe trips

Société Nationale des Pétroles du Congo is in full fundraising mode. In April, its CEO made three trips to Europe to meet crude oil traders, in the hope of gathering $2bn.

Gabon
Trader Gunvor takes a swing at GOC-Vitol agreement over Carlyle assets

Gunvor has offered $950m in an attempt to stymie the agreement between GOC and Vitol over Carlyle's assets. However, Vitol has also put a lot of money on the table.

Gabon
Vitol wants debt paid before helping GOC buy Carlyle's assets

Geneva-based trader Vitol is making a loan to enable the Gabon Oil Co to acquire Carlyle's Gabonese assets conditional on the repayment of a debt owed to Sogara.

Nigeria
Afreximbank struggles to get Project Gazelle backers

Criticism of the $3.3bn loan to Nigeria's state oil company has had a chilling effect on potential investors, with only Chinese and Russian financing bids remaining.

Spotlight | DRC
Engen sails into sea of troubles in DRC

The South African oil company is facing a bid by the Congolese state and relatives of the president to take control of its subsidiary. The managing director of Engen DRC has been dismissed and its shareholders are at daggers drawn.

Palace Intrigues
Brice Clotaire Oligui Nguema, Paul Biya, Patrice Talon, Andry Rajoelina

Intrigues big and small... Every Thursday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

GabonTurkey's BGN cosies up to General Oligui

CameroonPaul Biya refuses to replace head of presidential guard

BeninPatrice Talon on voicemail only at ECOWAS summit

MadagascarRajoelina to be sworn in without a French minister present

The New Guard
Egypt, Ivory Coast, Nigeria

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

EgyptFirst COP youth envoy Omnia El Omrani prepares to hand over

NigeriaAdeleke Alao pleads for rural electricity

Ivory CoastFatoumata Sanogo's plans at head of PETROCI

Nigeria
Nigeria stands aloof from scramble for carbon credits

Nigeria has immense potential in the carbon credits market, which is largely dominated by East African countries. But Bola Tinubu's new administration doesn't seem particularly interested.

Burkina Faso
Business booming for local fuel trader Salfo Souleymane Ilboudo

The loyal acquaintance of Inoussa Kanazoé has made the most of the void left by the global trading giants and support from the coup leaders to become one of the country's biggest fuel suppliers and a major player in the wider West African region.