Farhat Bin Qadara, Chairman of the Board of Directors of the National Oil Corporation (NOC), revealed on December 2 that a staggering 70% of Libya’s land remains unexplored, underscoring the vast untapped potential within the country’s oil sector. This revelation came during a series of workshops in Cairo, organized in collaboration with the US Department […]
A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the Rand. The poll revealed that corruption-plagued ANC will face its first-ever electoral test since apartheid due to a surge in support for former president Jacob Zuma and his uMkhonto Wesizwe […]
Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]
