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Five Global Energy Firms Secure Exploration Deals in Libya’s First Oil Bid Round in 17 Years

Libya’s National Oil Corporation (NOC) has announced the results of its first public oil and gas bid round in 17 years, awarding exploration and development contracts to five major international companies and consortia. The round offered 20 exploration blocks. Winning entities include a consortium of Italy’s Eni and QatarEnergy; a consortium of Spain’s Repsol and […]

Kidnapping of Spanish national in Algeria highlights army’s deflection tactics

The Spanish national who has been kidnapped in southern Algeria last week was freed at last by the Touareg Azawad separatist movement FLA, which offered him to the Algerian regime. Algerian rulers took all credit in an attempt to hide their utter failure to protect their borders from rampant Sahel terrorist groups. In a statement, […]

EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023

The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]