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Turkey announces 20 bln barrel oil field discovery in East Africa

Turkish explorations offshore Somalia led to the discovery of commercially viable crude oil, estimated at 20 billion barrels. Turkey and Somalia had signed a deal under which Turkey controls 90% of oil and gas output rights. The deal triggered criticism for its unfavorable terms for Somalia, a war-torn and cash-strapped country. Somalia’s President Hassan Sheikh […]

UNIDO supports Morocco’s industrial decabonization transition

The UN Industrial Development Organization has pledged to support Morocco’s energy transition from fossil fuels to clean-renewable energy sources in an effort to reduce CO2 emissions, whilst remaining competitive in global market. The pledge was made by Director General of the United Nations Industrial Development Organization (UNIDO), Gerd Muller, who is paying this May 15-19 […]

Morocco launches post-flood reconstruction plan

Morocco has launched a reconstruction plan in flood hit areas worth 2.5 billion dirhams ($260 million), the government said. The plan will be funded by the Moroccan fund for addressing natural disasters, the head of the government office said. The funds include financial aid to help rebuild 1,121 houses, including 269 homes that have been […]