Qatar Petroleum Acquires 30% Interests from Chevron Morocco

Qatar Petroleum has taken 30% participating interest from the share of Chevron Morocco Exploration Ltd in three deep-water offshore leases located 200 km to the North West of Agadir’s coast. This acquisition came following a deal signed last February and approved by the Moroccan government, said Telquel magazine. Under the agreement, Qatar Petroleum will acquire […]

Gabon restructures portion of debt to finance ocean protection

Gabon has converted $163 million, a third of its debt, into funds to protect its oceans, US-based NGO The Nature Conservancy (TNC) and the Government of the central African country said Tuesday August 15. The swap operation marks “the start of a 15-year conservation project… to help Gabon finance ocean protection and management for 30 […]

Madagascar: Two top Army commanders arrested for plotting coup

Two colonels of the Malagasy Army have been detained in prison pending their trial for allegedly plotting a coup and military mutiny in view of botching November 16 elections won by incumbent leader Andry Rajoelina. The two high ranking officers whose identities have not been revealed are detained at the central prison of Tsiafahy after […]