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China’s Addax exits four Nigerian oil blocks as NNPCL inks asset transfer agreement

North Africa Post

Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]
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Morocco to increase annual spending on social safety nets to $5bln

North Africa Post

Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and housing acquisition aid, head of the government Aziz Akhannouch said. Speaking to members of Parliament, Akhannouch said the measures are in implementation of the King’s directives to move towards a […]
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Parliament: Jordan & Peru Reiterate Firm Backing to Morocco’s Territorial Integrity

North Africa Post

Speaker of Jordan’s Senate and Head of Peru’s Parliament Foreign Affairs Committee have voiced strong backing to Morocco’s sovereignty over its Sahara in separate meetings held Monday in Rabat with senior Moroccan officials Speaking to journalists following his talks with Moroccan foreign minister Nasser Bourita, visiting Speaker of Jordanian Senate, Faysal Akef Al Fayez, reaffirmed […]