egypt-sisi2

Algeria: More momentum in Algiers-Beijing ties after visit, PM Sellal

Prime Minister Abdelmalek Sellal’s said his four-day official visit to China has ended with “satisfactory” results with feelings that it will lead to a “new impetus” in the ties between the two countries especially in the economic sector. Algeria wants to diversify its economy and is hoping that it could learn from the Chinese experience […]

Oil Conocophillips to assess Morocco’s hydrocarbons potential in northern region

Morocco has granted to the oil company Conocophillips-Morocco Ventures Ltd, a subsidiary of American energy corporation, a two-year permit to carry out onshore exploration works and studies in “Mesorif” area located in the north of the country. The reconnaissance contract was signed lately via videoconference by Amina Benkhadra, General Manager of hydrocarbons Office, and Melissa […]

Egyptian companies win about $2bn-contracts in Libya to set up power stations

Libya has signed multiple billion-dollar contracts with a number of Egyptian companies to set up power stations in the oil-rich country. Salama Al-Ghwail, Libya’s State Minister for Economic Affairs, told Egyptian media the contracts are worth between $1.5 billion and $2 billion. Al-Ghwail said Egyptian companies should win between 60 to 70% of the reconstruction […]