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Geopolitics / Africa

SOMALIA: This New Frontier Isn’t Ready for Oil

SOMALIA: This New Frontier Isn’t Ready for Oil

May 24, 2013 at 13:43 | Editorial Dept

Bottom Line: Somalia plans to sign 30 PSCs this year with foreign oil companies and auction off over 300 new oil blocks, but oil rights here are not solidified and…

NAMIBIA: First Oil Discovery Overrides Earlier Disappointments

NAMIBIA: First Oil Discovery Overrides Earlier Disappointments

May 24, 2013 at 13:38 | Editorial Dept

Bottom Line: It’s been a rough ride for Namibia explorers but this week explorers announced their first oil discovery, and while it’s not commercially viable, it could be the first…

Nigeria may be Next OPEC Member to Fall

Nigeria may be Next OPEC Member to Fall

May 10, 2013 at 18:15 | Daniel J. Graeber

The wealthiest man in Africa said he's secured billions of dollars in loans to help kick start the refinery business in Nigeria. OPEC-member Nigeria is forced to import most of…

GHANA-COTE D’IVOIRE: New Find, Old Maritime Dispute

GHANA-COTE D’IVOIRE: New Find, Old Maritime Dispute

May 10, 2013 at 15:12 | Editorial Dept

Bottom Line: A new discovery by France’s Total SA (TOT) just inside territorial waters of Cote d’Ivoire will either exacerbate or speed up a resolution for a maritime boundary dispute…

KENYA: Oil Production 6-7 Years Away

KENYA: Oil Production 6-7 Years Away

May 10, 2013 at 15:08 | Editorial Dept

Bottom Line: Close to proving commercial viability of its major finds since last year, a new report by the IMF suggests that Kenya will start producing in 6-7 years.

SOUTH SUDAN: More Good News for Oil Production

SOUTH SUDAN: More Good News for Oil Production

May 03, 2013 at 15:41 | Editorial Dept

Bottom Line: Following a long-awaited agreement with Sudan that has South Sudan ready to continue oil production, other developments bode well for South Sudan output, including the integration of rebel…

Kenya Aspires to be East Africa Hydrocarbon Transit Hub

Kenya Aspires to be East Africa Hydrocarbon Transit Hub

May 02, 2013 at 17:00 | Jen Alic

Kenya is moving forward incrementally with its massive $24 billion regional infrastructure project, the Lamu Port-South Sudan-Ethiopia Transit Corridor (LAPSSET), awarding a key tender to a Chinese company.In…

Amid Deteriorating Security, Libya Seeks Higher OPEC Quota

Amid Deteriorating Security, Libya Seeks Higher OPEC Quota

Apr 25, 2013 at 17:14 | Jen Alic

A day after Libya announced it would seek to increase its OPEC oil output quota once production reaches 1.7 billion barrels per day, an attack on the French Embassy recalled…

Libya's Security Should Mirror Oil Ambitions

Libya's Security Should Mirror Oil Ambitions

Apr 24, 2013 at 16:06 | Daniel J. Graeber

A U.S. report on the 2012 attacks in Benghazi highlighted longstanding concerns about the threat level in Libya. The interim report from the House of Representatives followed an attack this…

YEMEN: Chaotic Venue Offers Up New Exploration Tenders

YEMEN: Chaotic Venue Offers Up New Exploration Tenders

Apr 19, 2013 at 14:11 | Editorial Dept

Bottom Line: Yemen is offering up new oil exploration licenses citing a great interest by foreign oil companies, but the truth is that this venue presents THE HIGHEST political risk…

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