Algiers

Morocco’s OCP to set up two water and energy subsidiaries

Morocco’s phosphates and fertilizers producer OCP was given go-ahead to set up two subsidiaries to produce water from non-conventional sources as well as renewable energy in the region of Safi. The official gazette published the governmental decree allowing the OCP to operate in these fields as Morocco faces the worst drought in four decades. The […]

Nigeria’s state-owned oil giant launches its first drilling site in country’s north

Drilling for oil and gas began in Nigeria’s northeast this week, a first for the African oil giant, NNPC, which has exploited large deposits in the south for decades and whose production is declining. During a visit in the Kolmani field, located in Gombe and Bauchi states, to inaugurate the drilling site, Nigeria’s President Muhammadu […]

Qatar: Financial impact begins, Germany warns of military powder keg

The growing diplomatic rift between Qatar and other regional Doha as S&P downgraded its credit rating from AA to AA- while warning that further steps in this vein could follow. The decision was made late on Wednesday. The crisis has also reflected on the country’s stock market as it slipped by 9%. The riyal has […]