Morocco-fertilizer

Libya: GNA-aligned forces snatch El-Feel oilfield from Haftar’s troops

Forces aligned with UN-backed Government of National Accord (GNA) Wednesday announced they have taken control of El-Feel oilfield in Southern Libya, from rivals answering to rebel and military commander Khalifa Haftar. Sabha Military Region claimed on a facebook post the seizure of El-Feel oilfield in the Southwest region of the oil rich country. The field […]

Libya: NOC to build oil refinery at Sharara field

Libyan Prime Minister Abdul Hamid Mohammed Dbeibah launched Sunday the construction of South Oil Refinery, a new plant at Sharara, the country’s largest oil field. Dbeibah signed two decrees at the headquarters of the National Oil Corporation (NOC) in capital Tripoli, giving the country’s oil giant right to contract directly and to finance the implementation […]

Fitch downgrades three Moroccan banks

Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]