Sonatrach

Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]

Italy turns to Libya to replace Russian energy supply

Italian Ecology Transition Minister Roberto Cingolani has indicated that Rome will conclude its first deal to obtain more gas from Libya and other suppliers, to replace Russian flows in the coming weeks. “A series of talks are underway … in the next few weeks, we will close the first agreements,” Cingolani said in an online […]

EU provides 66 million euro to Niger to back national budget

Josep Borrell Fontelles, the High Representative of the European Union for Foreign Affairs and Security Policy, announced Wednesday, the bloc will provide Niger with 66 million euro earmarked to back the West African country’s national budget. Borrell made the announcement following a meeting with President Mohamed Bazoum. He also argued that the support could be […]