Nigeria plans to renovate refineries, cut fuel imports

Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]

Morocco starts making its own intensive care beds

Moroccan engineers managed to make a prototype of an intensive care bed that shall be produced en masse for export purposes, according to the industry ministry. The bed was made by private companies in partnership with the Moroccan industry ministry, which spurred the project. It has been designed to meet international intensive care standards and […]

Algeria’s Trade Deficit Widens as Low Oil Prices Continue

The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]