Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]
Libya’s political Dialogue process is nowhere near over yet. On Tuesday, the House of Representatives (HoR) rejected the amendments introduced at the request of the General National Congress (GNC) to the July Draft initialed in Morocco and pulled out its negotiation team for consultation. The HoR based in Tobruk announced the rejection of Leon’s reviewed […]
The International Monetary Fund (IMF) has announced that the Egyptian economy is on the right path in recovering from the shambles of the protests that started in 2011. The implemented structural and monetary reforms are boosting the economy and IMF projected that growth could reach 3,8% in 2014-2015 and rise to up to 5% over […]
