The European Bank for Reconstruction and Development has approved a financing of 200 million euros to support the desalination program of Morocco’s phosphates group, OCP. The loan will finance the construction of two OCP seawater desalination facilities, at its key industrial complexes in El Jadida (Jorf Lasfar) and Safi, the bank said in a statement. […]
Tunisia has officially asked the IMF for a new program to back up the economic reforms to alleviate the strain on public finances. The Tunisian government agreed an economic reform package with powerful labor union UGTT at the end of last month that tackles subsidies, taxes and state firms, and which was seen as opening […]
Algerian oil minister sent a letter to OPEP Friday, calling for an emergency meeting to discuss continuing falling oil prices and adjust production policies. The letter of the oil minister Salah Khebri was revealed by the US newspaper The Wall Street Journalist. According to the paper, Khebri deplored the continuing collapse of oil prices and […]
