ICSID rejects most Corral Holding’s claims in Samir refinery case

the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]

Nigeria’s Dangote refinery begins operations, promising energy independence

Nigeria has achieved a historic milestone with the commencement of petrol production at the new $20 billion Dangote refinery near Lagos. Boasting a capacity of 650,000 barrels per day, it’s now Africa’s largest refinery and is poised to alleviate Nigeria’s persistent fuel shortages. The refinery aims to reduce Nigeria’s heavy reliance on imported oil products, […]

Tunisian army kills five terrorists, including an Algerian, in restive Kasserine

The Tunisian army killed Sunday five terrorists in the restive Kasserine province used by militants as hideout. The army and security forces led a joint operation in the mountains of the region. The operation resulted in the killing of four Tunisians and one Algerian national, reports say. The causalities could increase, Mozaique FM notes citing […]