Egypt: Get paid as you drill and explore

The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign companies that are increasing their exploration and production in Egypt. Foreign companies are owed more than $6 billion and energy subsidies reached an estimated 120 billion Egyptian pounds […]

Moroccan, Spanish Cooperation Agencies to Set up Joint Projects in Africa

Morocco’s international cooperation agency (AMCI) and Spain’s International cooperation for development agency (AECID) vowed to coordinate efforts to set up joint projects in Africa. In this regard, AECID director general Luis Tejada Chacon held talks in Rabat with his Moroccan counterpart Mohamed Methqal during which it was agreed that the two agencies gear efforts in […]

Algeria Risks U.S. Sanctions for Purchase of Russian Fighter Jets

The Algerian regime risks American sanctions for purchasing Russian military jets (SU35 and SU 57) under CAATSA law passed by the US Congress in 2017. The Countering America’s Adversaries Through Sanctions Act imposes sanctions on Iran, North Korea, and Russia. The Algerian acquisition of Russian military jets “could trigger CAATSA sanctions”, said on Tuesday Mr. […]