First Independent Mena Newspaper
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]
The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organizations will focus on innovative solutions to drive the development of renewable energy including decentralized systems, and to increase access to energy across […]
The African Development Bank (AfDB) has just awarded a grant of nearly €762,000 to Guinea. The amount, granted through the AfDB Sustainable Energy Fund for Africa (SEFA), will support the Guinean Rural Electrification Agency sett up solar off-grid projects for the country’s villages. According to the bank, funds will be used, among others, to finance […]
Russian Novosibirsk Chemical Concentrates Plant (NCCP), an enterprise of ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed a 10-year contract for supply of low-enriched nuclear fuel components, such as uranium and aluminum items, for ETRR-2 research reactor. ETRR-2, a research reactor of Argentinian design, is based at the Nuclear Research Center […]
Several Katyusha landed near a US oil company in Iraq’s oil crescent of Basra province Monday according to the army. The army in a statement said at least three rockets hit an area near the company that it did not name. “The security forces found a rocket launcher and 11 missiles that were not fired […]
The African Development Bank (AfDB) Group has approved €12.46 million to support the Energy Transition and Institutional Support Program (ETISP) of São Tomé and Principe. The financing cover the major part of the program, which costs around €13 million. The rest of the funding will be supplemented by the government, according to AfDB. The project […]
The African Development Bank (AfDB) has granted a loan of €62.35 million to Côte d’Ivoire, the bank said in a statement. The funds are intended to finance the Project for the Strengthening of Electrical System Works and Access to Electricity (Proser). The AfDB grant will help finance the electrification of 1,388 rural localities in the […]
Algeria could be one of the countries whose economy could crash on the back of low oil prices as a result of the price war between Russia and Saudi Arabia. Saudi Arabia escalated its oil price war with Russia on Tuesday as its state-owned company pledged to supply a record 12.3 million barrels a day […]
British company SDX Energy announced commercial gas findings during a recent drilling operation in northern Morocco, describing the discovery as excellent news. In a press release, the company announced that it drilled the BMK-1 well to a measured depth of 1,551 meters and encountered commercial quantities of gas. “The Upper Guebbas was encountered […]
Swedish Azelio company has launched lately its renewable energy storage system at the Noor Ouarzazate solar complex (southern Morocco) within the frame of a technical and business development agreement sealed with Moroccan Agency for Sustainable Energy (Masen). A verification of the storage system will be initiated during the first quarter of 2020, with commercial installations […]