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Moroccan Parliament strongly rejects resolution of European peer on migration

The Moroccan parliament has categorically rejected the content of a non-legislative resolution submitted by Spanish MEPs and adopted by the European Parliament saying Rabat used migrants in its crisis with Spain. While highlighting that the resolution was opposed by numerous members of the European Parliament, Moroccan lawmakers reiterated that the move was a scheme to […]

Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016

Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]

SDX Confirms New Gas Discovery in North-Western Morocco

North Africa focused oil and gas company SDX Energy Inc announced that a gas discovery has been made at its SAH-2 well on the Sebou onshore permit in North-Western Morocco near the Atlantic city of Kenitra. The SAH-2 well was drilled to a total depth of 1,304 meters and encountered 5.2 meters of net conventional […]