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EU enabling violent repression in Egypt – NGOs call for moratorium on lending
As the new Egyptian regime run by the Muslim Brotherhood is attempting an aggressive power grab and launching street violence on revolutionaries and opposition groups across the country, a coalition of Egyptian and European organisations are questioning European public banks’ political and financial backing of a constitutional coup and crackdown. In an open letter to…
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RBS finances Tullow’s drilling in Ghana
Tullow Oil Plc has secured a finance deal with a number of banks including the publicly owned Royal Bank of Scotland. The company says the $3.5m debt refinancing will in part be used for its operations in Ghana. Platform has watched the developments in Ghana closely. Amongst other concerns, Tullow has continued to flare…
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Contradictory docs for Cairo refinery reveal disdain for transparency by European Bank officials in first major IFI-financed project since revolution started
A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly…
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Shell frack Egypt, threatening scarce water resources; Egyptians demand moratorium
Shell is bringing fracking to Egypt, threatening the North African country’s already limited water resources. The company is using hydraulic fracturing technology to drill three wells in Egypt’s Western Desert, in the Alam El Shawish West concession. Concerned that scarce water resources will be poisoned, the Egyptian Initiative for Personal Rights (EIPR) has condemned the…
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Controversial Cairo PPP refinery receives $3.7 billion from World Bank, EIB, EFG Hermes
A refinery expansion inside urban Cairo is receiving hundreds of dollars in "development" lending, despite a popular campaign against construction. The Mostorod Refinery Project – part-owned by private equity firm Citadel Capital – is situated in Northern Cairo, between Shobra El-Kheima and Mostorod. Opposition to the public-private partnership has focused on forced evictions, pollution and…
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BP sponsors lobby group that welcomed executions in Egypt “to restore order” in post-election crackdown
BP is sponsoring a business lobby organisation that enthusiastically welcomed election promises to crack down on dissent in Egypt with executions and brutal force, aiming to crush the revolution after the imminent Presidential elections AmCham – the American Chamber of Commerce in Egypt – hosted Mubarak-era Prime Minister and current Presidential candidate Ahmed Shafiq for…
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Exploring The Oil Road – Two Platform events in Bristol and London
There are two Platform events coming up which explore themes in our forthcoming book The Oil Road by Mika Minio and James Marriott, due out in September. The first event is a talk in the Bristol Festival of Ideas – What if we left the oil in the ground? Taking place at Arnolfini on Sunday 20th…
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“Shell no” to Arctic Drilling
Guest post by Emilie Surrusco, Alaska Wilderness League Right now, Shell’s drill ships are on their way to the pristine Arctic Ocean off the coast of Alaska. And despite all the glossy advertising, promotional videos, and slick promises from Shell, the oil giant is proceeding with its plans to drill 10 exploratory wells – with…
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Egyptian businessman admits personal motivation for gas deal with Spain / Eni
Businessman Hussein Salem – on the run from corruption charges in Egypt – admitted his personal & political motivations in signing Egypt’s controversial gas export deals with Israel (via pipeline) and Spain (via Damietta LNG), in discussion with Egyptian journalist Mohamed Heikal: “Yes I made gas deals with Israel. We have a lot of gas…
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The Ugandan draft oil law: A search in vain for accountability and democratic oversight
Platform has released a new briefing analysing Uganda’s draft “Petroleum (Exploration, Development and Production) Bill” The report – entitled “The Ugandan Upstream oil law: A search in vain for accountability and democratic oversight”, highlights the lack of parliamentary oversight, transparency, or consultation or involvement of affected communities in the proposed oil law. At the same…