CERF

Phosphates: Morocco’s OCP group reports $ 1.7 billion earning in 1st Quarter 2023

Morocco’s state-owned phosphate company OCP has reported $1.78 billion in first quarter of 2023 against $2.6 billion earned in the same period last year. Yet, this year’s results show the resilience of the global leader in the fertilizer industry in challenging market conditions, says the company in a press release. Global fertilizer prices continued to […]

CELAC Renews Support For Political Solution To Sahara Issue

The Community of Latin American and Caribbean States (CELAC) has renewed its firm support to the efforts seeking to achieve a mutually acceptable political solution to the issue of Moroccan Sahara. Speaking before UN 4th Committee, permanent representative of El Salvador Rubén Ignacio Zamora Rivas said CELAC bloc strongly backs the efforts made by the […]

Total Energies to quit South Africa offshore gas fields

French Total Energies said it plans to quit South Africa’s offshore gas fields to focus on more promising discoveries in Namibia, Bloomberg and Reuters reported. The company plans to give up its license for Block 11B/12B because it doubts whether the complex deep-water finds can be made commercially viable, given South Africa’s small gas market, […]