eib-luxemburg

U.S. State Department Approves Sale to Morocco of 162 Upgraded Abrams Tanks

The U.S. State Department has approved the sale to Morocco of 162 enhanced Abrams tanks for an estimated cost of $1.259 billion, says the US Defense Security Cooperation Agency. This military sale will support the foreign policy and national security objectives of the United States by improving the security and capacity of a major Non-NATO […]

Morocco Activates Major High-Voltage Transmission Line Strengthening National Grid

Morocco’s National Office of Electricity and Drinking Water energized a new 400-kilovolt double-circuit transmission line connecting Sidi Bennour to Laâwamer, reinforcing the kingdom’s electrical infrastructure capacity and regional energy distribution. Spanning 98 kilometers, the very high voltage line forms part of ONEE’s investment program strengthening and securing Morocco’s national electricity transmission network. The infrastructure aims […]

Egypt Inks $1 bln Oil & Gas Deal with Shell, Petronas

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 […]