Morocco’s OCP group revenues increased to $9.76 billion in 2024 from $9.02 billion posted in 2023. The growth is supported by higher export volumes and stable prices. “OCP’s strong performance in 2024 reflected our ability to effectively navigate evolving market conditions, achieve production and operating efficiencies, and reach several key milestones related to our sustainability […]
Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]
Libyan reports based on sources from Derna Sunday rejected the US claims that an American F-15 fighter jet killed the IS leader in Libya, Abu Nabil Al-Anbari. Sources from the Libyan Eastern city pointed out that Abu Nabil Al-Anbari, aka Wissam Najm Abd Zayd al-Zubaydi, was not killed in the strike and that the Iraqi-born […]
