King

Mauritania: Malaysian Petronas quitting business

Malaysian oil company Petronas has started pulling back and is about to end its operation in Mauritania due to sharp fall in revenues caused by the acute collapse of oil price. The company had notified Mauritanian authorities in February that it would stop its oil exploitation. The company has started disassembling its offshore oil platform […]

Tunisia Cites Financial Strains and Supply Challenges in Al Borma Oil Output Decline

Tunisia’s Ministry of Industry, Mines, and Energy has clarified that the decrease in production at the Al Borma oil field stems largely from a natural annual decline of approximately 8 percent, compounded by operational hurdles linked to the financial difficulties of the Italo-Tunisian Petroleum Exploitation and Distribution Company (SITEP). Responding to a parliamentary inquiry by […]

Zimbabwe bans raw lithium exports as demand, prices soar

Zimbabwe has banned the export of raw lithium from its mines so it can cash in on value addition and stop losing billions of dollars in mineral proceeds to foreign companies. The new regulation is designed to “ensure that the vision of the president to see the country becoming an upper-middle income economy has been […]