Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]
The air forces of the five Maghreb countries (Algeria, Libya, Morocco, Mauritania &Tunisia) and their European partners France, Spain, Italy, Malta and Portugal have staged lately a joint aerial military drill destined to counter terror threats. The joint regional exercise, code-named “Circaete 2012”, seeks to enhance the combat capabilities of the air forces to prevent […]
Moroccan Foreign Minister Nasser Bourita is currently touring a number of European capitals to explain to his interlocutors the latest developments of the Sahara issue, following the incursions of the Algeria-backed Polisario in the buffer zone, east of the Moroccan defense berm. Bourita’s talks are also covering ways to strengthen partnership between Morocco and the […]
