Libya’s new Prime Minister-designate Fathi Bashagha arrived in Cairo where he is expected to hold consultations on the situation in the oil-rich country with Egyptian top officials and the US ambassador, reports Italian news agency Nova. The agency citing unnamed sources adds that Bashagha will meet with U.S. Special Envoy and Ambassador to Libya, Richard […]
The Algerian government is planning to invest over $ 24 billion between 2012 and 2016 to enhance electricity production and distribution in the North African country experiencing power shortage and outages that have affected lately business and households. Many Algerians were angry over the frequently power cuts in the oil & natural gas producing country. […]
Algeria’s recent oil and gas licensing tender, launched with high hopes to attract global investments, has drawn low interest with no US company bidding. This has pushed President Tebboune to take matters into his own hands reaching out to the two US oil giants: Chevron and Exxon Mobil. The two companies sent senior officials- not […]
