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Mozambique: From hope to escalating risks
Mozambique is facing one of its most difficult moments since its independence in 1975. A wave of Daesh-linked terrorism in the country’s north, ongoing since 2017, has worsened, with hundreds of thousands displaced. The country’s security forces have been ineffective, leaving foreign entities from Russia and elsewhere to step in and influence the situation on the ground. At stake is Mozambique’s huge gas reserves and promising economic momentum – which is now doubly threatened by the pandemic. The best chance for improvement is a regional military intervention, but the likely short-term outcome is further deterioration.
The many faces of Rosneft
Over the past decade or so, Russian oil giant Rosneft has concluded some eye-popping deals and more than doubled production. But its rapid growth has been based on questionable deals and huge debts. Behind the scenes, its CEO, Igor Sechin, has mastered Kremlin power plays. But his circle of enemies ...
From gas to governance: Mozambique’s slippery slope
Mozambique's dreams of gas riches moved closer to reality this month with the signing of an $8 billion LNG export project led by Italy’s Eni in cooperation with Exxon Mobil. The timing could not be better for a desperately poor country whose success story has gone sour amid a massive ...
Mozambique looks for a way out of crises
Mozambique, once held up as a model country for the way it ushered in peace and reconciliation after a long civil war, now faces a new round of potential crises – from a huge corruption scandal, to fiscal instability, to a possible return of civil war. However, with new international ...
Russia's President Putin fails to turn up the heat on Azerbaijan
Russian President Vladimir Putin’s first visit to Azerbaijan in more than seven years reflected the complex and sometimes strained relationship between the two oil producing countries - highlighted by Azerbaijan’s westward-oriented energy focus. But Moscow is intent on continuing its efforts to keep Azerbaijan in its sphere of influence while ...
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