Finance Minister Mohammed Jallab has told Algerians that there is no need for alarm despite the low prices of oil and gas. He said the country is capable of handling such shocks. Algeria is a country that heavily relies on gas exportation. OPEC has decided not to cut its production in order to increase global […]
The government of Egypt last weekend signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for eight wells, a statement said. The government in a separate deal of $10 million with Rockhopper, Kuwait Energy and Canada’s Dover Corporation, agreed on the exploration of the Western […]
The Libyan navy has claimed that the country’s sovereignty is being jeopardized by international Non-Governmental Organizations (NGO) that are helping illegal migrants trying to reach Europe through Italy from the Libyan shores. Spokesman Ayoub Qassim of the Libyan navy pointed out that “the humanitarian NGOs are blocking any agreements that help Libya uproot immigration issues; […]
