mohamed-choukri

Managem diversifies into gas with purchase of Sound Energy Morocco East Limited

Morocco’s biggest mining company, Managem, bought Sound Energy Morocco East Limited as it seeks to diversify into gas, the company said. Managem acquired 55% of the Tendrara concession, 47.5% of the Grand Tendrara Permit and 47.5% of Anoual Exploration. The transaction would help Managem contribute to the development of gas production in the country with […]

EU earmarks over €152 million for Africa’s Sahel region

The European Union (EU) announced Tuesday a humanitarian aid of more than €152 million for the African region of the Sahel. “While Sahel countries continue to suffer from armed conflict, climate change and a food and nutrition crisis, the EU is providing €152.05 million to help people in need in the region”, said the European […]

Iraq: Rockets attacks targets US oil company in Basra

Several Katyusha landed near a US oil company in Iraq’s oil crescent of Basra province Monday according to the army. The army in a statement said at least three rockets hit an area near the company that it did not name. “The security forces found a rocket launcher and 11 missiles that were not fired […]