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Algeria’s Economic Growth Declines to 2.2% in 2017
Algeria’s economic growth dropped to 2.2% in 2017, down from 3.3% in 2016, due to a decline in the performance of the energy sector, the central bank said. The same source noted that inflation dropped to 5.6% instead of 6.4 in 2016, while the balance of payment was reduced by $3 billion to stand at […]
Morocco Sends Humanitarian Aid to Flood-stricken Sierra Leone
Morocco sent urgent humanitarian aid to Sierra Leone as it struggles with the aftermath of mudslides and floods that devastated the capital Freetown on August 14. The aid was sent upon directives from King Mohammed VI in line with “the strong friendship ties and sincere solidarity between the Kingdom of Morocco and the Republic of […]
British Chariot company retakes control of Moroccan Lixus & Rissana offshore licenses
British Chariot Energy Company announced Wednesday that it has regained operatorship of its Moroccan Lixus and Rissana Offshore licenses from Energean firm. Chariot is now operator of the Anchois gas field and has a 75% working interest in each license, with Moroccan National Office of Hydrocarbons & Mines (ONHYM) retaining its 25% stake. With operatorship […]



