Morocco’s OCP, Indian Kribhco to Build Fertilizer Plant in India

The Moroccan Phosphates company (OCP) and the Indian Krishak Bharati Limited (Kribhco) will jointly build a fertilizer production unit in Andhra Pradesh state, in southern India. The $230 million worth project, co-financed by the two part-ners, will have an annual production capacity of 1.2 million tons of NPK fertilizer (nitrogen, phosphorus, potassium). The fertilizer production […]

Pope Francis urges South Sudan to end “blind fury of violence”

Pope Francis has ended his peace mission to South Sudan with an impassioned plea urging the people to resist the “venom of hatred” to achieve the peace, forgiveness and prosperity that have eluded them through years of bloody ethnic conflicts. Reconciliation and mutual forgiveness for past wrongs — these were the main themes woven in […]

Sonatrach financial hurdles, Algeria’s economic agony

Economists have long warned the Algerian regime of an impending Venezuelan scenario as the country put off reforms leaving the economy dependent since independence on oil and gas sales of its state-owned company Sonatrach. The company, which aspired to be among the top 5 global oil and gas companies globally in 2030, hit the cliff […]