First Independent Mena Newspaper
Battered by a sharp fall in hydrocarbon revenues, Algeria resorted to lifting subsidies on key commodities such as gasoline and diesel in a bid to shore up state finances. The Algerian parliament has taken the unpopular decision of cutting gasoline and diesel subsidies for the third as part of the 2018 budget in an attempt […]
Morocco and 18 other nations have recently committed to increase the use of wood and other plant matter from sustainable sources to generate energy as part of efforts to limit climate change. The group said at the UN Climate Summit Cop 23 held in Bonn that they will endeavor to promote the use of sustainable […]
British company SDX Energy has announced new gas discovery in the onshore drilling operation conducted in Morocco. “We are pleased to be announcing another successful result from our Moroccan drilling campaign,” said chief executive Paul Welch oil and gas operations. The new gas discovery was made in the KSR-15 well at the Sebou project. The […]
UK-based oil and gas exploration company, Genel Energy, has agreed with the Moroccan government over the nature, scope and timing of the activity at the Sidi Moussa offshore licensed acreage in Morocco. Under the terms of the agreement, Genel’s previous commitment to drill one well on the license has been replaced by an undertaking to […]
Morocco’s economic capital will host Africa Renewable Energy Forum (ARF), November 30-December 1, that will discuss cooperation between public and private sector to drive forward the development of renewable energy projects across the continent. The event will bring together African Energy Ministers and government representatives, heads of utilities, regulators and national agencies, leading investors, power […]
Algeria’s state-run energy producer, Sonatrach, will inject about $2 billion to maintain production on the country’s largest gas field, local media reported. This field produces between 190 and 210 million cubic meters of natural gas per day, about 60% of the North African nation’s total gas production. Sonatrach’s CEO, Abdelmoumen Ould Kaddour, said the goal […]
Morocco has reinforced its production capacities of industrial lubricants, which are increasingly exported to the African market. Speaking to le360 news portal from Accra, director of oil company, Afrique Petromin Internatoinal, Hicham Bouzoubaa said that Morocco offers massive investment opportunities for the development of the lubricant industry. He said the kingdom is increasingly […]
The Moroccan agency for energy efficiency (AMEE) was awarded a top prize at the third Emirates Energy Award in Dubai in recognition for its efforts to promote the rational use of energy. AMEE was among 33 winners at the event organized in tandem with the fourth edition of The World Green Economy Summit (WGES) with […]
Siemens has inaugurated the first Turbine Blade Factory in the northern Moroccan city of Tangier that was completed for a total cost of $118 million. Built over a surface area of 37,500 square meters, the new factory is the first of its kind in North Africa and the Middle East and will offer 600 jobs […]
Following its material successes in the Tendrara project in eastern Morocco, Sound Energy, the European and African focused upstream gas company, announced plans to shift its focus entirely on accelerating exploration drillings in Morocco. Sound Energy’s increasing focus on Morocco comes after the company’s disappointing activities in Italy where it stripped out its assets. In […]