UK-based SDX Energy announced a new gas discovery in its ONZ-7 development well in the Sebou permit, north-western Morocco near the Atlantic city of Kenitra. Drilled to a total depth of 1,167 meters, the ONZ-7 well encountered five meters of net conventional natural gas pay in the Hoot formation, the company said in a statement. […]
Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that mask underlying fragility. The IMF projects average oil prices at $65.8 per barrel in 2026, down […]
The Egyptian Transport ministry signed on the 19th of June a Memorandum of Understanding (MoU) with an International/Egyptian alliance to set up a consulting firm that will provide consulting services in the fields of transportation projects. The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company. The new firm, […]
