Mohamed Morsi

Libya: Presidential council seeks another week to name cabinet

Libya’s presidential council formed under the Libya Political Agreement (LPA) signed in Morocco in December has requested that the deadline to name a new cabinet be extended for a week, claiming it “needs more time” to discuss the formation. Prime Minister Fayez Al Sarraj was asked to reduce his 32-member cabinet that he presented to […]

Mixed reaction in Africa to OPEC oil production cuts amid concern about rising prices

Delegates at the biggest oil conference in Africa have expressed concern about rising prices after the Organization of Petroleum Exporting Countries (OPEC), plus non-members who also export oil, decided earlier this week to cut production targets. The majority of the oil cartel’s 13 member states are in Africa, but many countries on the continent have […]

Sound Energy receives financing from Attijariwafa Bank for gas field project in Morocco

Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]