IMF

TotalEnergies eyes production license for its offshore South Africa block

The French energy giant TotalEnergies has submitted an application to convert its exploration right offshore South Africa into a production right and the country’s authorities expect the company to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector. The […]

Washington to facilitate talks on controversial Renaissance Dam

US President Donald Trump has invited the foreign ministers of Egypt, Ethiopia and Sudan to go to Washington to hold talks on the giant hydroelectric dam on Ethiopia’s Blue Nile. The huge project, named Grand Ethiopian Renaissance Dam (GERD), is the subject of dispute, mainly between Ethiopia and Egypt. Egypt, which relies almost totally on […]

UK: Government plans defence budget increase to curb ISIL threat

British Prime Minister is expected to ask lawmakers Monday to consider increasing the defence budget as such an increase is necessary to face up the threat posed by the Islamic State threat and to protect the country. Prime Minister David Cameron will also discuss with Defence Security Chiefs means of boosting the defence budget and […]