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Morocco, Nigeria Embark on New Diplomatic Era

Few hours before the arrival of King Mohammed in Abuja, a video has been circulating on the internet showing the hoisting of the Moroccan flag in Abuja in the place of that of the Algerian-backed separatist entity, RASD. This is reflective of a new milestone in Moroccan-Nigerian relations. As Nigeria is welcoming King Mohammed VI, […]

Algeria: Sonatrach reveals $90 billion investment, Shale gas production set for 2022

Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]

Namibia to pocket oil billions only after 2031 despite its new light oil discovery

Namibia has made its third light oil discovery 270 km off its coast in the Orange Basin, though experts say the southern African country will only reap the rewards of these discoveries in a few years. The drilling process in the Orange Basin started in December 2022 and was successfully finished in recent days, according […]