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Eni of Italy to begin exploring in Ghadames basin of North Africa in 2025

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The director of Eni’s North Africa and Levant division for Italy stated on Monday that the company viewed Libya as a crucial nation for upstream operations and that it intended to begin exploring in the Ghadames basin the following year.

“We have never stopped looking at Libya as a crucial region for oil and gas production,” Martina Opizzi said during a panel discussion on Libya’s energy sector organised in Rome by Energy Capital & Power.

“We estimate that there are still resources to be discovered and we are also planning offshore exploration shortly,” Opizzi added.

Oil exports at major Libyan ports were halted last month. Production was curtailed across the country amid a standoff between rival political factions over control of the central bank and oil revenue.

Production started to recover in the first half of September, but the dispute on the central bank has not be resolved.

Parts of Algeria, Tunisia, and Libya are included in the vast intra-cratonic Ghadames Basin. The three nations are each carrying out separate petroleum exploration projects in their respective basins, employing various play models and, as a result, producing various exploration outputs.

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Musings From Abroad

US CDC issues second-highest Marburg travel advisory for Rwanda

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As a result of the Marburg disease epidemic in Rwanda, the United States government has announced that its agency will be issuing its second-highest level of travel advisory, advising citizens to avoid unnecessary travel. Rwanda is located in East Africa.

According to the US Department of Health and Human Services, the CDC will begin screening visitors who have visited Rwanda within the last 21 days before they enter the country.

The organisation advised travellers to Rwanda to take extra care when they visited the nation last week when it released its “level 2” travel advisory.

Since the first epidemic of the Ebola-like illness in Rwanda was discovered in late September, 46 cases and 12 fatalities have been documented. The death rate in Marburg might reach 88%.

Fruit bats carry the virus, which subsequently spreads to people who come into touch with the bodily fluids of infected people.

Rwanda has started to distribute vaccination doses against the virus, giving priority to those who are most at risk, healthcare staff who are most exposed, and those who have close contact with confirmed cases.

The first known outbreak of viral hemorrhagic fever in Rwanda was discovered in late September; to yet, 36 cases and 11 fatalities have been reported. The death rate in Marburg might reach 88%.

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Musings From Abroad

US ‘conflict minerals by disclosure rule’ has not lessened Congo bloodshed, monitor claims

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In a study released on Monday, a United States congressional watchdog stated that it had not discovered any proof that the conflict minerals disclosure rule implemented by the Securities and Exchange Commission (SEC) in 2012 had lessened bloodshed in the Democratic Republic of the Congo.

 

According to a U.S. Government Accountability Office study, armed factions are still engaged in conflict over control of gold mines located in the country’s east.

 

It said that the regulation, which mandates that certain businesses disclose how they utilise gold, tungsten, tantalum, and tin, has probably had little impact on the bordering nations.

 

 

“GAO found no empirical evidence that the rule has decreased the occurrence or level of violence in the eastern DRC, where many mines and armed groups are located,” the report said.

 

 

“GAO also found the rule was associated with a spread of violence, particularly around informal, small-scale gold mining sites,” it said, adding that gold is the most difficult to trace, and easiest to smuggle, of the four minerals covered by the rule.

 

The top producer of tantalum in the world is Congo; both the US and the EU view it as a vital material.

 

The report further stated that “the SEC disagreed with some of GAO’s findings and raised concerns about some of its methodology and analyses.” According to the GAO, some of its modifications had no appreciable impact on its conclusions.

 

 

“As the agency noted in comments shared with GAO, SEC staff has serious concerns about the report, including that it makes assertions and reaches conclusions that rest on several erroneous factual assumptions, draws causal inferences that are not supported by GAO’s statistical analyses, and deviates significantly from the GAO’s previously issued reports,” the SEC said.

 

 

“GAO had not shared its final report with the SEC until today, so staff is reviewing it to determine if and how GAO addressed the SEC’s concerns,” it added.

Last year, GAO said that some U.S. companies buying minerals from Congo and its neighbours were failing to meet disclosure requirements.

 

The UN Security Council was informed on September 30 by Bintou Keita, the head of the U.N. mission in Congo, that M23 rebels in the east are making $300,000 a month in a zone they have taken over for coltan mining.

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