Algeria, net gas importing country in 2030, official

Algeria risks becoming a net gas importing country as its domestic production continues to be devoured by a rising consumption that could turn the country into a net gas importer in ten years, head of oil and gas at the ministry of energy Mustapha Hanafi said. Domestic gas consumption has grown faster than gas production […]

Libya: US urges Haftar to halt Tripoli takeover attempt

The US Secretary of State Mike Pompeo has called on Libyan east-based rogue military general Khalifa Haftar to stop his offensive to control capital Tripoli. The Libyan capital Tripoli has become since late last week the target of Haftar’s Libyan National Army (LNA) after the military strongman ordered his troops to capture the city, despite […]

Cairo awaits the remainder of its loan

Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]