Via Energy Daily, a detailed report on Russia’s renewed interest in Nigeria’s oil patch. As the article notes: “…Russian energy firm Gazprom has signed an agreement with the New Nigeria Development Co. for exploration of three oil blocks in the country’s north, officials from both countries said.Though rights to the blocks in the Chad Basin […]
Read more »Via Portfolio, an article extolling the investment opportunities in Africa and Ecuador. As the report notes: “…His big idea, as glossed this speech, is that poor resource-rich countries, such as a lot of African states, are largely immune from the global financial crisis since they were never really part of the global financial system to […]
Read more »Courtesy of The Financial Times, an interesting article on the EU’s recent offers of financial and political backing to Nigeria for a €15bn ($21bn, £12bn) trans-Saharan pipeline to pump its gas directly to Europe. As the report notes: “…Renewed European interest in the project comes against a backdrop of mounting fears that Gazprom, the Russian […]
Read more »A most interesting analysis from the blog “On Political Risk, detailing Russia’s recent steps to move closer to its goal of dominating the North African gas market, a potential alternative supplier to Europe. As the report notes: “…Gazprom signed a Memorandum of Understanding with Nigeria to develop gas and oil projects there. Gazprom is already in talks […]
Read more »Per a recent Energy Daily report, Beijing continues to pursue closer business and political relations in Africa as part of its strategy to become a leader in African oil extraction. As the article notes: “…China has committed $1 billion to the creation of a six-lane highway surrounding Nigeria’s de facto oil capital, Port Harcourt, the […]
Read more »Via Robert Amsterdam’s excellent blog, news that Gazprom and several Chinese state-held firms are aggressively pursuing these gas field stakes left behind by Shell in Nigeria’s troubled Ogoniland- and the government of Umaru Yar’adua has indicated that it will entertain an offer from the group bringing the best infrastructure (read corporate foreign policy) package to […]
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