Libya: Irda freed by protesters, Wafa threatened

Protests at the port of Brega, eastern Libya, came to an end on Sunday after authorities reached a deal with the protesters thereby paving the way for operations to begin. The protests forced production at the Irda natural gas field to stop and last week, the National Oil Corporation (NOC) warned that nearby Sahel gas […]

Libya to remove oil and food subsidies

Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]

Morocco to acquire US military vehicles worth $240 mln

The US State Department cleared the sale to Morocco of 25 of BAE Systems’ M88 recovery vehicles for a total cost of $239.4 million. Under the same deal, Morocco will receive 50 caliber machine guns, M239 or M250 smoke grenade launchers, 1,800 M76 or L8A1/A3 smoke grenade rounds, 25 SINCGARS radios, AN/PSN-13A GPS receivers (DAGR), […]