Oil Supply to Continue to Outstrip Demand in First Half of 2017- IEA Says

The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]

Colombia Reaffirms Support for Morocco’s Sovereignty over the Sahara, Announces Freezing of its Recognition of So-Called ‘SADR’

Colombia reaffirmed this Monday its recognition of Morocco’s sovereignty over its entire territory, including the Sahara, and announced the freezing of its recognition of the self-proclaimed “SADR”. In a new statement issued this Monday by the Colombian Ministry of Foreign Affairs, Bogota stated that this decision follows a “sovereign review” of the recognition of the […]

OCP new green investment program for 2023-2027 presented at a ceremony chaired by King Mohammed VI

King Mohammed VI chaired, this Saturday at the Royal Palace in Rabat, the presentation ceremony of the new green investment program of the OCP Group worth $13 billion. The new green investment program (2023-2027) is meant to put an end to the group’s dependence on ammonia imports and enable investment in the chain of renewable […]