Four Libyan oilfields to reopen after deal between Prime Minister & PFG

Production at four vital Libyan oilfields will resume after a meeting between Prime Minister Abdulhamid Dbeibeh and representatives of a faction of the Petroleum Facilities Guard (PFG) which handle security of the sites, reports say. Wafa, El Feel, Sharara and Hamada oilfields halted production after the PFG staged protests against a number of issues, including […]

Algeria: Dinar falls to historic record low

Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]

Morocco Rejects South Africa’s Seizure of Sahara Phosphate Cargo

The Moroccan government described the South African court decision to maintain seizure of a vessel carrying Sahara phosphates bound for New Zealand as a “violation of international law”. In a statement to the press, Spokesperson for the Moroccan government Mustapha El Khalfi condemned in the strongest terms the ruling by South African court on June […]