As was expected, a high court in South Africa delivered a politicized verdict giving ownership of the 50,000-ton Phosphate cargo on board bulk carrier Cherry Blossom to the Polisario separatists. Bound for New Zealand, the ship was held in Port Elizabeth for almost a year after the Polisario challenged the legality of the transaction in […]
The stability of the Algerian regime has long rested on its generous handouts powered by its oil revenues. With the oil price plunge, and which is set to continue, the Algerian government is bracing for tougher times threatening to erode its social peace. The oil price slump, which started in 2014 dealt a heavy blow […]
Morocco’s only refinery has been idle since 2015 over unpaid taxes and legal hurdles, leaving the country prey to dependence on refined oil imports and fluctuations in the international markets. Calls for reactivating the idle Samir refinery in Mohammedia become more acute as fuel prices more than doubled compared to last year, due to a […]
