Israel obtains ovbserver status at AU

Indian HCLTech sets up a Global Delivery Center in Morocco

Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]

British Chariot company retakes control of Moroccan Lixus & Rissana offshore licenses

British Chariot Energy Company announced Wednesday that it has regained operatorship of its Moroccan Lixus and Rissana Offshore licenses from Energean firm. Chariot is now operator of the Anchois gas field and has a 75% working interest in each license, with Moroccan National Office of Hydrocarbons & Mines (ONHYM) retaining its 25% stake. With operatorship […]

Bill of Imported Refined Products Rises to $2.5 billion in Strikingly Oil-rich Algeria

Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]