Morocco’s mining and hydrocarbons office ONHYM was tasked with overseeing the supply and the storing of oil after the Moroccan government’s request to rent the storage tanks of Samir refinery was approved by the commercial court. Morocco’s only refiner Samir in Mohammedia has been shutdown since 2015 due to unpaid debt to the state and […]
Time and money are running out for Algeria as it eats into its foreign reserves trying to avert the inevitable: bankruptcy. The country’s Prime Minister Abdelaziz Djerad has ordered an urgent spending cut to try to offset falling income from oil and gas. An unexpected rise in spending in 2020 due to the […]
Kamel Eddine Chikhi, Chief of state-owned energy firm Sonatrach, was sacked Wednesday only three months into the job. A presidential decree, relayed by state-run television ENTV, said Toufik Hakkar will take the helm of the energy company, which witnessed a cut into revenues last year and is in search of investors. Hakkar was […]
