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Energy in Africa today

December 2014
Editorial Staff

According to Fatih Birol, Chief Economist of the International Energy Agency, during the presentation of the World Energy Outlook 2014 at the Eni offices in Rome, "the twenty-first century will be the African Century, thanks to actions such as the modernization of the electricity sector, greater regional cooperation and better management of resources and revenue." Eni’s CEO, Descalzi states that "Africa and Europe have a great advantage by their alliance. This is a challenge to be played on two platforms: one is gas and the other renewables, especially solar and biomass, which are not present in Africa. It is up to us to ensure their correct explotation"

Time of mergers in the U.S. oil industry

December 2014
James Hansen

With a transaction valued at approximately $35 billion, American giant Halliburton, the oilfield service provider, has acquired the smaller Baker Hughes. Today, the new entity based in Houston, undercut the leadership of Schlumberger NV, the market leader with a turnover of $120 billion. Meanwhile, General Electric also plans to make its entry in the energy equipment sector



South Stream, the consequences for Italy

December 2014
Evgeny Utkin

Vladimir Putin puts an end to the project desired for years by Eni and Gazprom due to Bulgaria’s refusal and to the hostility of EU. Alexey Miller, CEO of Gazprom, announces the birth of a new project



Oil deal between Baghdad and Erbil

December 2014
Daniel Atzori

The central government of Iraq and the semi-autonomous region of Kurdistan have reached an important agreement on oil, which puts an end to a long deadlock between the parties. This agreement could represent an important step towards the stabilization of the country and the defeat of the Islamic State (ISIS) militants



Editorial partnership between Italy and Ecuador

December 2014
Editorial Staff

AGI, Agenzia Giornalistica Italia, and ANDES, Agencia Publica de Noticias de Ecuador y Suramerica [Public News Agency of Ecuador and South America]have signed a collaboration agreement, for primary information and communication and training activities



OPEC declares war on shale oil

December 2014
Daniel Atzori

On November 27, the OPEC summit decided to keep production quotas unchanged: the aim is to allow oil prices to remain low, in the hope that US shale oil production will soon become economically unstable



An uncertain future

December 2014
Bassam Fattouh

While southern oil sector has been able to proceed effectively to date, political uncertainty in Baghdad has meant further delays for the shared infrastructures essential to the country’s ability to exploit its oil potential. The coming months will be of vital importance in this regard



Energy for Africa’s growth

December 2014
Editorial Staff

Promoting greater economic and democratic stability in the African continent, as it emerged during a conference held in Turin on December 1 and 2, sponsored by IAI in collaboration with Eni, means direct investments and partnerships to create a diffusion of new skills and an industrialization plan for the energy sector



Consequences of the postponement of the nuclear agreement with Iran

December 2014
Giuseppe Acconcia

President Hassan Rouhani has, however, assured that, by June, there will be a "definitive agreement." Tehran fears that Washington will not keep its promise to terminate international sanctions. Yet Obama would need this to happen



The East that wants to change

December 2014
Antonio Galdo

With a growth of 3 percent, an unemployment rate below 10 percent and 2 million jobs created over the last 10 years, Poland appears to be the most dynamic and "reliable" country in Europe, even though on the energy front it bears the burden of a difficult path toward energy efficiency and dependence on Russia



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