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Texas-based Apache Corporation contemplates investing $1.4 billion in Egypt in 2024

North Africa Post

Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]
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Algeria backpedals on expanding gas pipeline to Spain

North Africa Post

After failing to honor its gas shipment promises to Spain, Alegria decided to halt works to expand the Medgaz pipeline to Spain vindicating the fears of Spanish gas importers and undermining its market share in the Spanish market. Algeria had promised Spain to expand the capacity of the Medgaz pipeline from 8 billion cubic meters […]
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South Africa: China’s Huawei launches innovation center amid security concerns

North Africa Post

South African President Cyril Ramaphosa has welcomed the opening of a new Huawei Innovation Center in the country, expressing hope that the Chinese giant’s new technologies would help Africa “leapfrog into the Fourth Industrial Revolution.” Speaking at the launch event in Johannesburg, Ramaphosa commended Huawei for its “confidence in the South African economy and its […]