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BP’s floating gas production platform arrives off Mauritania, Senegal

Senegal and Mauritania are forging ahead with their joint gas fields with the arrival of BP’s floating production, storage, and offloading (FPSO) unit in the Grand Tortue Ahmeyim (GTA) Phase 1 LNG project. The vessel, built at China’s COSCO Qidong Shipyard, will serve the Greater Tortue Ahmeyim (GTA) liquefied natural gas project, which is planned […]

Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]

Muslim leaders urge Libyan parties to cease hostilities, return to political process

Islamic countries leaders, meeting in Makkah Friday, for the 14th OIC Summit, urged Libyan parties to cease hostilities around Tripoli, to stop bloodshed amongst Libyan people, and appealed to them to return to the UN-sponsored political process. The leaders, in a statement over Libya, voiced grave concern over the military operations around Tripoli and urged […]