bernadino-libye

SDX Energy Announces New Gas Discovery Onshore Morocco

British company SDX Energy has announced new gas discovery in the onshore drilling operation conducted in Morocco. “We are pleased to be announcing another successful result from our Moroccan drilling campaign,” said chief executive Paul Welch oil and gas operations. The new gas discovery was made in the KSR-15 well at the Sebou project. The […]

Libya: Serraj appoints finance minister to unlock CBL-held funds

Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]

Algeria bent on buying social peace at expense of undermining economy

Algeria’s 2024 budget confirms the country is bent on maintaining a model of rent distribution to buy social peace, wherein the state continues to use oil and gas money in non-productive spending while shunning reforms that could put the economy on a competitive track conducive to a welfare state. Buying social peace by bolstering wages […]