Latest news with #Islamist-militant
Mint
21-07-2025
- Business
- Mint
Mozambique Nears Deal to Revive $20 Billion Total Gas Project
(Bloomberg) -- Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamist-militant insurgency. Chapo recently met with Total Chief Executive Officer Patrick Pouyanne to discuss resuming the project that has the potential to transform the economy of one of the world's poorest countries, he said in a July 19 interview. 'I was with Mr. Pouyanne two weeks ago and things are going well,' Chapo said. 'In August, we will close our talks' about when to restart the project, he said. Total halted work on Mozambique LNG, located in the northeastern Cabo Delgado province, evacuated workers and declared force majeure in 2021 after an escalation in attacks in the area by Islamic State-linked militants. The raids by the insurgents — which have since prompted the deployment of troops by both Rwanda and, for a while, Mozambique's neighbors to assist — drained momentum from the development of $50 billion worth of liquefied natural-gas projects, with Eni SpA and Exxon Mobil Corp. also developing plants. 'We have the small problem of jihad, terrorism,' Chapo said. In an earlier interview with Bloomberg in Spain, the president said that the while the region is more stable than four years ago, it isn't 'heaven,' but urged a restart nevertheless. Chapo was scheduled to meet Pouyanne in Maputo, Mozambique's capital, on July 10. Companies working on the construction of Total's plant have begun preparing to resume operations, according to people familiar with the matter, while Eni is said to have awarded a contract to Samsung Heavy Industries Co. to build its Coral North floating plant, adding to its $7 billion Coral South facility, which is already operational. The gas reserves discovered 15 years ago off Mozambique's northeastern coast are among the world's biggest. Sign up here for the twice-weekly Next Africa newsletter, and subscribe to the Next Africa podcast on Apple, Spotify or anywhere you listen. --With assistance from Matthew Hill and Paul Burkhardt. More stories like this are available on
Yahoo
20-02-2025
- Business
- Yahoo
US Attacks Islamic State in Somalia for Second Time This Month
(Bloomberg) -- US forces carried out an airstrike against Islamic State insurgents in northeastern Somalia, the second such attack this month. Why Barcelona Bought the Building That Symbolizes Its Housing Crisis Por qué Barcelona compró el edificio que simboliza su crisis inmobiliaria A Filmmaker's Surreal Journey Into His Own Private Winnipeg Trump Child Refugee Agency Shares Data With Immigration Enforcers NYC Restaurants Are Still Waiting for Their Outdoor Dining Plans to Be Approved Two Islamic State fighters were killed in the raid that took place on Sunday, US Africa Command said in a statement on its website. No civilians were harmed in the attack, which was carried out in coordination with Somalia's government, it said. Somalia's semi-autonomous region of Puntland, located in the northeast of the country, signaled in December that it was planning a new offensive to combat a growing insurgency by Islamic State. The Islamist-militant group, designated as a terrorist entity by the US, more than doubled in size last year, with as many as 1,200 combatants holed up in the Bari mountains east of Puntland's commercial capital, Bosaso. 'Degrading ISIS and other terrorist organizations' ability to plot and conduct attacks that threaten the US homeland, our partners, and civilians remains central to US Africa Command's mission,' it said. In an attack carried out on Feb. 1, Africa Command said at least 14 Islamic State operatives were killed, including Ahmed Maeleninine, a key financier of the group. The Undocumented Workers Who Helped Build Elon Musk's Texas Gigafactory The Unicorn Boom Is Over, and Startups Are Getting Desperate Japan Perfected 7-Eleven. Why Can't the US Get It Right? The Startup That Stepped In When the Baby Formula Supply Chain Broke Before DeepSeek Blew Up, Chatbot Arena Announced Its Arrival ©2025 Bloomberg L.P.
