Africa Intelligence - Teresa Goma On Her Way Out?

MarketGunsling
ZENA 17.07.2021 kl 15:43 3245

I found a very interesting article in Africa Intelligence the other day. It seems from my reading of this that Teresa Goma may be on her way out as she does not enjoy the confidence of the new oil minister at all. https://www.africaintelligence.com/oil--gas_state-strategy/2021/07/15/itoua-now-crowned-as-oil-minister-seeks-to-settle-scores,109679880-art

My French is by no means perfect and the google translate of this article is a disaster, but if I am reading this right then her days at the ministry may be numbered and this will be good for Zenith as she has never been our biggest fan.
Feel free to correct if your French is better that min. I include the French and the English version (from Google Translate) below.

Regards,
MG

Google Translate English

His crown of conquered oil chief, Itoua spends his time settling accounts
The new Minister of Hydrocarbons, Bruno Jean-Richard Itoua, works with the largest
energy to put aside all those responsible for oil who are not loyal to him.
Nothing goes to the Ministry of Hydrocarbons between the all new holder of the portfolio, Bruno JeanRichard Itoua, and the DG of Hydrocarbons Teresa Goma. Known to be very close to Denis Gokana, the advisor special oil from President Denis Sassou Nguesso, Goma can no longer bear the vexations of its minister who does not associate her with any strategic thinking, nor to any of the audiences he has multiplied since the end of May with the main players in the petroleum sector. Itoua even prevents her from chairing management committees - between the State and the oil companies - which are yet the responsibility of the general management of
hydrocarbons (DGH), since the era of the former minister of hydrocarbons passed to transport Jean-Marc Thystère Tchicaya.

ITOUA CHALLENGES DENIS GOKANA
Bruno Itoua wants to be the only master on board in the sector Congolese tanker. He thus works to ward off his enemy intimate Denis Gokana. Both Elf alumni and co-founders in 1998 of the National Society of Congo Oil (SNPC), Bruno Itoua, who led this company from 1998 to 2005, and Denis Gokana, who succeeded in 2005, have a complicated relationship. These two old friends are in constant competition for gain the status of the regime's favorite oil tanker. Itoua argues in high places that Gokana's position is more concerned with the interests of Africa Oil and Gas
Corporation (AOGC), its oil company, only by those from the country. The adviser to the head of state criticizes his on the side of the minister's close proximity to traders (Glencore, Trafigura ...), which would again have done to show President Sassou that Bruno Itoua was the suitable person to settle the financial disputes opposing the Congo.

HIS OTHER ENEMIES
Bruno Jean-Richard Itoua also asks for eviction of the current CEO of SNPC, Maixent Raoul Ominga.
Close to the former finance minister and former director SNPC financier Calixte Nganongo, who became one of the unofficial financial advisers to the head of state, Ominga would not be, according to Itoua, the man for the job. The Minister would reproach him in particular for not having
valued the MKB permit operated by SNPC and above all for not having been able to redress the financial situation of the company.
Bruno Jean-Richard Itoua should also face his finance, budget and portfolio colleague audience, Rigobert Roger Andely, decided to follow - particularly on the tax front - the activities
oil (IA of 06/17/21). Andely benefits for this of the confidence of the Congolese president, aware of the difficult financial situation of the country. Minister Andely has thus acquired a natural resources advisor (a first at the Ministry of Finance), in the person by Serge Ndeko, former Director of Hydrocarbons between 2005 and 2018. Founder with Itoua and Gokana of SNPC and also former of Elf, Ndeko had been excluded from the SNPC in 2002, and since then he no longer maintains good relations with his two former companions.

Finally, we should also count in these future oil battles with Denis-Christel Sassou Nguesso, known as "Kiki", appointed in May Minister of international cooperation and the promotion of private public partnership. Determined to follow Congolese public enterprises and partners economic development of the country, the youngest son of the head of state to appoint as investment advisor his friend Cédric Okiorina, who was a director in charge for a long time marketing to SNPC and representative of the Congolese oil company in Singapore.


Original French

Sa couronne de chef du pétrole conquise, Itoua
passe son temps à régler ses comptes
Le nouveau ministre des hydrocarbures, Bruno Jean-Richard Itoua, travaille avec la plus grande
énergie à mettre de côté tous les responsables du pétrole qui ne lui sont pas loyaux.
Rien ne va plus au ministère des hydrocarbures entre le
tout nouveau titulaire du portefeuille, Bruno JeanRichard Itoua, et la DG des hydrocarbures Teresa Goma.
Réputée très proche de Denis Gokana, le conseiller
spécial aux hydrocarbures du président Denis Sassou
Nguesso, Goma ne supporte plus les vexations de son
ministre qui ne l'associe à aucune réflexion stratégique,
ni à aucune des audiences qu'il multiplie depuis fin mai
avec les principaux acteurs du secteur pétrolier. Itoua
l'empêche même de présider les comités de gestion -
entre l'Etat et les compagnies pétrolières - qui sont
pourtant du ressort de la direction générale des
hydrocarbures (DGH), depuis l'ère de l'ancien ministre des
hydrocarbures passé au transport Jean-Marc Thystère Tchicaya

ITOUA DÉFIE DENIS GOKANA
Bruno Itoua veut être le seul maître à bord du secteur
pétrolier congolais. Il travaille ainsi à écarter son ennemi
intime Denis Gokana. Tous deux anciens d'Elf et
cofondateurs en 1998 de la Société nationale des
pétroles du Congo (SNPC), Bruno Itoua, qui a dirigé cette
entreprise de 1998 à 2005, et Denis Gokana, qui lui a
succédé en 2005, ont une relation compliquée. Ces deux
anciens amis sont en perpétuelle concurrence pour
gagner le statut de pétrolier favori du régime.
Itoua fait valoir en haut lieu que la position de Gokana
est plus préoccupée par les intérêts d'Africa Oil and Gas
Corporation (AOGC), sa société pétrolière, que par ceux
du pays. Le conseiller du chef de l'Etat reproche de son
côté la forte proximité du ministre avec les traders
(Glencore, Trafigura...), lesquels auraient à nouveau fait
miroiter au président Sassou que Bruno Itoua était la
personne idoine pour apurer le contentieux financier les
opposant au Congo.
SES AUTRES ENNEMIS
Bruno Jean-Richard Itoua demande par ailleurs l'éviction
de l'actuel PDG de la SNPC, Maixent Raoul Ominga.
Proche de l'ex-ministre des finances et ancien directeur
financier de la SNPC Calixte Nganongo, devenu l'un des
conseillers financiers officieux du chef de l'Etat, Ominga
ne serait pas, selon Itoua, l'homme de la situation. Le
ministre lui reprocherait notamment de ne pas avoir
valorisé le permis MKB opéré par SNPC et surtout de n'avoir pas pu redresser la situation financière de
l'entreprise.
Bruno Jean-Richard Itoua devrait aussi faire face à son
collègue des finances, du budget et du portefeuille
public, Rigobert Roger Andely, décidé à suivre -
particulièrement sur le plan fiscal - les activités
pétrolières (AI du 17/06/21). Andely bénéficie pour cela
de la confiance du président congolais, conscient de la
situation financière difficile du pays. Le ministre Andely
s'est ainsi doté d'un conseiller aux ressources naturelles
(une première au ministère des finances), en la personne
de Serge Ndeko, ex-DG des hydrocarbures entre 2005 et
2018. Fondateur avec Itoua et Gokana de la SNPC et
également ancien d'Elf, Ndeko avait été exclu de la SNPC
en 2002, et depuis il n'entretient plus de bons rapports
avec ses deux anciens compagnons.
Enfin, il faudrait également compter dans ces futures
batailles pétrolières avec Denis-Christel Sassou
Nguesso, dit " Kiki ", nommé en mai ministre de la
coopération internationale et de la promotion du
partenariat public privé. Déterminé à suivre les
entreprises publiques congolaises et les partenaires
économiques du pays, le fils cadet du chef de l'Etat vient
de désigner comme conseiller aux investissements son
ami Cédric Okiorina, qui fut longtemps directeur chargé
de la commercialisation à la SNPC et représentant de la
pétrolière congolaise à Singapour.

Nano Rekyl
17.07.2021 kl 16:26 3190

This is very good news!

Thx MG!

Have A Nice evening!
Liverbirds
17.07.2021 kl 16:45 3162

👍🙏👍
Slettet bruker
17.07.2021 kl 17:51 3075

Good!! 👌👌👌🙏🙏💪
Fakevenues
17.07.2021 kl 22:40 2900

"Itoua even prevents her from chairing management committees - between the State and the oil companies - which are yet the responsibility of the general management of hydrocarbons (DGH)".
This is interesting, because from MGs transcript of the last IC, AC referred to meeting with Bruno Jean-Richard Itoua; "there is now a new oil minister and we have met him and his management team thanks to the very good reputation of our new country manager".
Under normal circumstances , Teresa Goma were probably the one they should have had their meetings with...........
Herman*
17.07.2021 kl 23:17 2841

I am not sure I agree with your last sentence. I think Goma and the minister of hydrocarbons have different roles in this process. The minister and the president work on the «big picture», while Goma would normally work out the technical/financial details. AC claims that he has a great relationship with SNPC, so not sure if the potential removal of the CEO. I am also wondering if the delays in the signing of the PSA can be related to this internal clean up process.
Svartsyn
17.07.2021 kl 23:46 2810

En ting et sikkert,dette vil ta tid. Uendelig med tid.
En ting er helt klart, de som skriver føler det på meg at det kommer melding neste uke.
Ja, de føler ikke det om Kongo/Tilapia.
Det er utenkelig.
Her skal bli mye "wondering" på "noen" tror nå jeg.
Mitt tips er 23-12-2021 kl 08.00 pluss atten sekunder.
Hektor
18.07.2021 kl 01:15 2737

Er vell ingen av oss som vet når det kommer til å skje, blir bare synsing. Satser på til uka 👍
Gullit
18.07.2021 kl 23:00 2390

Hektor skrev Innlegget er slettet
Ja mye tyder på att det ønskes fortgang nå i disse tider da mange forlater olje til fordel for grønnere energi.. det kommer nok mer raskere enn vi aner. Tenker vi gliser innen sommeren er over..
Fluefiskeren
18.07.2021 kl 23:11 2356

Hektor skrev Innlegget er slettet
Der tror jeg du bommer. To land som heter Kongo. Vi har Den demokratiske republikken Kongo eller bare Kongo som er et stort land. Het også Zaire en periode. Der er det masse dødsfall i parlamentet.

Og vi har Republikken Kongo.

Det er der Zenith håper å gjøre det stort. Landet kalles også Kongo Brazzaville. Mye mindre land.

Redigert 18.07.2021 kl 23:12 Du må logge inn for å svare
Hektor
18.07.2021 kl 23:34 2306

Fluefiskeren, du har rett. Jeg sletter innlegget mitt 😀 Takk for oppklaring.
Slettet bruker
19.07.2021 kl 09:07 2081

Shit hva skjer i Zena.
Godt man ikke kan belåne Zena aksjen🤷‍♂️😅
Nano Rekyl
19.07.2021 kl 11:14 1948

Og heller ikke den siste🛢🛢🛢💰💰💰
Oilinvestor
19.07.2021 kl 11:25 1907

Det stemmer.

Mange glemmer at selskapet har:
1. Produksjon i dag
2. Cash positiv om vi inkluderer SLK
Om vi tar en oljepris på 66 dollar har selskapet, estimerer vi EBIt vil være på
EBIT +$7mill
Profit: +$4mill

Prisingen gjenspeiler verken verdiene idag eller forventninger i fremtiden. Helt klart at selskapet pr. idag ikke har tillit, men vil endre seg fort med oppkjøp(ene) i Nigeria og endelig lisenstildeling av Tilapia II i Rep. of Kongo.


Barneskirenn
19.07.2021 kl 11:32 1885

Tenker det vil endre seg da de kommer opp på 1000++ tønner. Faktisk få det opp fra bakken. Ikke 10 lisenser på taket.