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Algeria Secures Italian Supply Deal as Foreign Exchange Reserves Dwindle
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]
COVID 19: EIB Supports Moroccan Private Sector with €440 million
The European Investment Bank Group (EIB) announced a financial support for the private sector in Morocco worth €440 million, notably through its credit lines with Moroccan financial institutions. The loan is intended to assist Morocco in addressing the impact of COVID-19 on the economy. “These credit lines dedicated to financing the private sector would be […]
Noble Energy makes oil discovery off Equatorial Guinea
Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the US company expecting to produce new oil by October, the oil minister said on Tuesday. According to Gabriel Obiang Lima, minister of hydrocarbons and mines, the government is excited to announce the discovery, “which could not have come at […]



