sahel

Predator Oil & Gas Gets 8-Year License for Exploration in Morocco

The Jersey-based company Predator Oil & Gas said on Monday it received an eight-year permit for hydrocarbon exploration and appraisal onshore northern Morocco. The exclusive license includes an initial 30-months exploration phase covering an area stretching 7,269 square km, to the east of producing gas fields and northwest of Sound Energy PLC’s Tendrara gas project. […]

Sahara: Expansion of Dakhla airport to accommodate 1 Mln passenger annually; upgrading of Laâyoune airport

The capacity of Dakhla airport will be increased to one million passengers annually after its expansion from 3,000 m² to 10,000 m² to meet a growing demand for this Saharan hub which has become a popular destination for foreign tourists, diplomats and businessmen. According to plans unveiled lately by Morocco’s National Airports Authority (ONDA), the […]

Algeria Resorts to Printing Press to Fix Budget Deficit

The Algerian government has resorted again to the printing press to inject in the market over 4,000 billion dinars, the equivalent of 20% of the country’s GDP, to deal with the 2018 budget deficit. The situation is likely to get worse in 2019, as the outlook for oil prices is rather pessimistic. Since 2014, economic […]