Stanbic eyes deal linked to $20bn gas credit funds

Rio Tinto, Chinalco and the International Finance Corporation sign a $20bn deal to develop Guinea's iron ore deposits.

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Standard Bank Head of Oil and Gas Paul Eardley-Taylor speaking about the opportunities resulting from Mozambique Liquefied Natural Gas project, during a breakfast session held in Dar es Salaam, recently. Stanbic Bank is committed to facilitating investment in the oil and gas sector to promote industrialization and economic growth.

>A leaked contract between Norway’s Statoil and the Tanzania Petroleum Development Corporation (TPDC) is raising questions about whether Tanzania will gain the full benefits of its sizeable gas deposits that have been discovered since 2010 deep in the Indian Ocean.

>A former business partner at Ophir Energy, a leading oil and gas exploration company, has sued the firm for allegedly locking him out of lucrative deals fraudulently.

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Tanzanian fixer and businessman Moto Mabanga is threatening to block the recent $70 billion deal in which Royal Dutch Shell announced it had taken over British Gas.

The $400 billion gas deal Russia signed with China was a symbolic victory for Moscow as it is locked in a dispute with the West over Ukraine, but the scale of the deal is not as massive as it seems at first blush, according to analysts.

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