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Tanzania claims India’s Bharti Airtel’s local unit

Bloomberg Tanzania said Bharti Airtel Ltd.’s local unit belongs to state-owned Tanzania Telecommunications Co., a claim that sets up an ownership dispute between the government and the Indian phone operator. “Airtel, according to the information we have,” is an asset of Tanzania Telecommunications Co., President John Magufuli said on the East African country’s national broadcaster, TBC. “A terrible game was ...

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Brazil seen investing $8.2bn in energy infrastructure by 2023

Bloomberg Brazil is expecting to see about 27 billion reais ($8.2 billion) invested into the country’s energy infrastructure over the next six years, the result of an end-of-year flurry of auctions aimed at boosting its electricity capacity. Energy companies won contracts to build about 5,000 kilometers (3,100 miles) of new power lines and more than 4.5 gigawatts of power plants, ...

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US tax bill opens Arctic Refuge for oil

Bloomberg Congress is close to lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhau- stive environmental reviews and likely lawsuits. It could be a decade or more before any well is drilled, following required environmental scrutiny and permit ...

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