Juan-Ignacio-Zoido

EBRD Lends Moroccan Package Company Multisac €4.3 Mln

The European Bank for Reconstruction and Development (EBRD) has announced a €4.3 million loan to Moroccan packaging company Multisac SA, which specializes in the production of woven polypropylene bags. It is the first local company benefitting from EBRD’s and EU’s Trade and Competitiveness Program, which aims to improve value chains and make businesses more competitive […]

Beijing’s PetroChina Signs Deal to Purchase Libyan Oil

China’s largest oil and gas producer and distributor, PetroChina has signed up with the Libyan National Oil Corporation (NOC) to buy Libyan oil, few months after Shell and British Petroleum (BP) signed similar deals. The deal is the first ever since 2013, Bloomberg reports. The deal comes as oil production knows a revival following several […]

Algeria’s inconsistent diplomacy loses Russia and the West

Algerian diplomacy’s inconsistency and blunders left the country in grey territory unable to win neither Russia’s trust, nor the West’s support. Russia Tebboune who braced for a second term with the benediction of the army, ended his five-year term with diplomatic setbacks. The highlight of his debacles was the resounding failure to join the BRICS, […]