Algeria protests

China’s Addax exits four Nigerian oil blocks as NNPCL inks asset transfer agreement

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 […]

Morocco, US Co-sign joint statement on radiological & nuclear emergency response

Morocco and the United States have co-signed, in Vienna, a joint statement on strengthening cooperation in preparedness and response to radiological and nuclear emergencies. The statement, inked on the sidelines of the ongoing 66th General Conference of the International Atomic Energy Agency (IAEA), is part of the long-standing partnership between Morocco and the United States […]

Arab Monetary Fund supports Morocco’s financial & banking sector with $277 Mln loan

The Arab Monetary Fund has agreed to provide Morocco a $277 Million loan to support the country’s financial and banking sector and enable it maintain its economic stability amid a soaring global inflation due to the Russia-Ukraine war. The loan, announced on Thursday by the fund, will strengthen control & supervision of Moroccan financial and […]