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Tunisia: PAR and Sondes waiting on partnership

Since the conclusion of a preliminary agreement with Canadian oil and gas exploration and production company Sonde Resources in December, PA Resources (PAR) is still looking for farm-in partners for the Zarat license offshore Tunisia. The two companies hold the joint oil block license north of the Zarat concession, concerning unitization principles for the Zarat […]

UK Global Ports Holding, Preferred Bidder for Management of Casablanca Cruise Terminal

A consortium led by UK’s Global Ports Holding, the world’s largest independent cruise port operator, has been awarded by Moroccan authorities “preferred bidder status” to operate the Casablanca new cruise terminal. Besides GPH, which owns 51% of the consortium, the selected group includes local shareholder, Steya (40%) and Spanish Ocean Infrastructures Management (9%). After becoming […]

UNHCR and UNICEF warn of Sahel crisis becoming ‘problem for the world’

“If we don’t act now,” the humanitarian crisis that is unfolding in the Sahel will “become a problem for the world,” a senior UNHCR official has warned, echoing a senior UNICEF official that has condemned a “distressing” 70% rise in grave violence against children in several strife-torn countries in the region plagued by jihadists and […]