Moroccans Stand United & Strong Against Terror

Seven years after the deadly bomb attack that wrecked the Argana cafe in Djemaa el-Fna square, a popular tourist spot in Marrakech, Morocco was targeted again by extremist “lone wolves” who killed lately two Scandinavian female tourists in the Atlas Mountains. Their horrible crime, which raised serious concerns over tourism sector in the North Africa […]

Exxon Mobil Taps into Mauritania’s Offshore Oil & Gas

Exxon Mobil and Mauritanian authorities have signed three production-sharing contracts for three deep-water exploration blocks. “These blocks further enhance ExxonMobil’s leading global deep-water acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company in a statement. “We thank the government of Mauritania for the opportunity to evaluate the potential of this acreage using our expertise […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]