Beneficial Ownership Screening: Practical Measures to Reduce Corruption Risks in Extractives Licensing- Briefing
NRGI reviewed over 50 mining and oil laws and found that about half contained prohibitions on government officials or their close associates – often called “politically exposed persons” (PEPs) – holding interests in companies applying for extractives licenses, but none required regulators to actually check whether or not such PEP interests existed as part of screening license applications.
Three Decades of Poverty Mobility in Nigeria: The Trapped, the Freed, and the Never Trapped
Individuals do escape poverty during periods of overall rise in the poverty rate; they also transit into poverty during periods of overall decline in the poverty rate. A static poverty estimate drawn from independent cross surveys tends to obscure these details because it is unable to provide information on individual poverty experiences across time and space. In this paper, the author explores six sweeps of household surveys of Nigeria (1980–2010) in an attempt to address these concerns. In addition, tests, by estimating poverty regressions, whether different processes are at work in determining chronic and transient poverty. https://www.cgdev.org/
Call for Application: How Can Tanzania Harness Natural Resources
Organised and delivered by REPOA and Natural Resource Governance Institute (NRGI). The training is a hands-on “learning from practice” workshop that focuses on building the understanding of the links between, and the dynamics of, Extractives Governance and country’s development goals. The training aims to improve participants’ knowledge not only of policy options and tools to achieve these goals, but also the inherent challenges. Applications for this year are open until 29th June 2018. For Application visit our website www.repoa.or.tz
Date: 13-17th August 2018 Place: Dar es Salaam
Tanzania Energy Platform (TEP) is organizing a Oil & Gas Pipe Laying & Construction short Course
TEP is a wide network of energy stakeholders from academic institutions in Tanzania and the Netherlands, international and domestic energy companies, as well as Government institutions responsible with development of energy sector. TEP is one of the outputs (outcomes) of the Tanzania Dutch Energy Capacity Building (TDECB) Project.
The founding educational institutions from Tanzania are the University of Dar es Salaam (UDSM), Dar es Salaam Institute of Technology (DIT), and Karume Institute of Science and Technology (KIST) of Zanzibar; while those from from Netherlands are University of Twente (UT), Hanze University of Applied Sciences (HUAS), Delft University of Technology (TUD) and Utrecht University (UU).
They brings together initiatives, partners and networks to support the acceleration of the energy development and growth in Tanzania. They do so, under their three pillars: training, research and innovation. Visit: www.atogs.org
In The NewsExxon seeks to sell out of Tanzanian gas fieldExxon Mobil (XOM.N) is seeking buyers for its stake in a large undeveloped gas field off Tanzania, according to three banking and industry sources, as the company focuses on the development of an even bigger project in neighboring Mozambique. The planned sale is an example of Chief Executive Darren Woods’ strategy of freeing up cash and narrowing the American firm’s focus on a number of giant projects around the world deemed to have the best prospects, including in Mozambique, Guyana and U.S. shale. https://uk.reuters.com/
Mozambique’s fifth licence round winners Rosneft and ExxonMobil will sign an Exploration Production Concession Contract with the Mozambique government for blocks A5-B in the Angoche Basin and Z5-C and Z5-D in the Zambezi Delta according to Russia’s top diplomat Sergey Lavrov. According to Lavrov who had discussions with Foreign Minister of Mozambique Jose Pacheco and Rosneft’s management on developing the gas fields in the north of Mozambique the signing is the only barrier to the joint venture commencing the project with an earlier agreement having been set for signing in 2016.
Kenya’s government is negotiating with potential investors in a pipeline that will link oil fields in the north of the country to a port at Lamu, Petroleum Principal Secretary Andrew Kamau said.The project is expected to cost $1.1 billion, after initial studies showed it would be less expensive than the $2 billion previously envisaged, Kamau told reporters Wednesday in the capital, Nairobi. The conduit will be built to ship crude finds estimated at 1 Bbbl that the East African nation plans to start producing commercially in 2021.http://www.worldoil.com/
President Kenyatta Calls For Proper Management of Oil Income as Trucking Begins
President Uhuru Kenyatta today said Kenya will effectively manage oil and other natural resources to avoid the negative results that have confronted many other nations following new discoveries. Speaking during the flag off of 100,000 liters of stored crude oil in four trucks as part of the early oil pilot scheme he said there was a danger of losing all the benefits that can come from Kenya’s new oil wealth in the absence of effective resource management.http://www.
President Kenyatta to flag off trucking of Kenya’s oil on June 3
President Uhuru Kenyatta will flag off trucking of Kenya’s early oil from Lokichar in Turkana County on June 3, in what will inject oil as a critical factor in the economy, State House says. This follows a meeting at State House, Nairobi, chaired by President Kenyatta and attended by the Kenya Joint Venture Partners comprising Tullow Oil, Africa Oil Corporation and Total, Turkana County leaders including Governor Josphat Nanok and Petroleum and Mining Cabinet Secretary John Munyes and his team.http://www.oilnewskenya.
Tanzania sees GDP growth at 7.2 pct this year -finance minister
Tanzania’s economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending, the finance minister said on Monday. Economic output in the East African nation is expected to be underpinned by vibrant activity in mining, transport and communications sectors. In a presentation to parliament, finance and planning minister Philip Mpango also said the inflation rate in 2018 would be “tamed at single digit levels”. The fiscal deficit will reach 3.2 percent of gross domestic product in the 2018/19 fiscal year (July-June), up from around 2.1 percent in 2017/18, he said. Tanzania’s inflation stood at 3.8 percent year-on-year in April, slightly down from 3.9 percent a month earlier.https://m.nasdaq.com/
EventsUpcoming EventsEast Africa Oil & Gas Summit 2018EAOGS 2018 annually features over 35 high-level speakers including ministry officials, senior executives and industry experts from NOCs, IOCs, financial institutions, government authorities and embassies, service companies and industry associations. They will gather to examine the latest opportunities and challenges in a highly informative conference led by the regions’ governments.visit: http://
The 27th World Gas Conference is a global gas conference and exhibition. From June 25-29, 2018, Washington DC, expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing more than 600 companies from 100 countries. Presented by the International Gas Union (IGU) and run since 1931, the World Gas Conference has 85 years of experience of bringing the gas industry together and delivers excellent insight. It creates business and learning opportunities, networking, and promises great return-on investment.https://wgc2018.
Date: 25 June 2018 to 29 June 2018 Place: Walter E. Washington Convention Centre Washington DC, USA Participation fee applies
2nd Africa Oil & Gas Local Content Conference & Exhibition
The 2017 programme has been created around the outcomes and recommendations of the previous, highly successful event, and will focus on the political, strategic technical, legal and financial aspects for increasing and strengthening local content in the hydrocarbon industry.http://ametrade.org/alc/
Date: 14 June 2018 to 16 June 2018 Place: EPIC SANA Luanda Hotel, Luanda, Angola
Statistical Review of World Energy 2018 launch
The highly regarded BP Statistical Review of World Energy provides an objective overview of what happened to energy markets in 2017. The 2018 launch webcast is hosted by Bob Dudley, group chief executive, and Spencer Dale, group chief economist. This will be followed by a question and answer session.http://webcast.bp.com/