First Independent Mena Newspaper
Libyan oil production is falling more sharply than expected, declining by 70 percent from pre-civil war levels due to continued instability and hostilities between armed groups. The situation has sparked serious concerns of Western powers. A joint statement issued by the French Government said five of its NATO allies have expressed concern about tensions near […]
Algeria and other OPEC members whose budget took a toll on the backdrop of the oil price plunge are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers. OPEC has lined up an informal meeting on the sidelines of the International Energy Forum in Algeria in […]
A technical and economic feasibility study for the electric interconnection between Morocco and Potugal was launched on Monday in Rabat and Lisbon. This intercontinental electric link will be operational in 2020 following the presentation of the results of the feasibility studies by Rabat and Lisbon. The implementation of this undersea electric interconnectivity will place Morocco […]
Sound Energy has confirmed that it has made a significant gas discovery in Tendrara, North Eastern Morocco. Sound Energy, which is a member of London’s junior market, said in a statement that the discovery took place in the first Tendrara Well TE-6 drilled to a measured vertical depth of 2,665 meters. The gas discovery was […]
The Moroccan parliament officially passed a law that changed the name of the Moroccan Agency for Solar Energy (MASEN) into the Moroccan Agency for Sustainable Energy and tasked it with the development of solar, wind and hydraulic energies along with any other source of renewable energies. The law is in line with Morocco’s commitment to […]
Danish manufacturer, Vestas, has confirmed an order to supply turbines to the 120MW khalladi wind farm in northern Morocco. The Danish wind energy giant announced that it had signed a firm and unconditional order with ACWA Power for 40 of its V90-3.0 MW wind turbines. The contract comprises the supply of the turbines and a […]
An Italian judge ordered Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni to stand trial in a long-running case of alleged bribery in Algeria “In relation to court proceeding for the alleged bribery case relating to Saipem’s activities in Algeria, Eni acknowledges that the new GUP (judge for the […]
Morocco’s state-owned phosphates company, OCP, is planning to open subsidiaries in 13 African countries in line with the Kingdom’s strategy to boost economic ties and investments in the continent. As announced in the official gazette, the OCP’s board of directors approved the decision to establish 13 subsidiaries in the countries of Côte d’Ivoire, Senegal, Cameroun, […]
The head of In Salah Gas announced Saturday a cut by 40 per cent in the number of foreign workers by the end of the year as a measure to shore up collapse of oil price and to reduce costs, reports say. In Salah Gas is a joint venture between national Sonatrach, British Petrolium (BP) […]
National Oil Corporation (NOC) chairman Mustafa Sanalla sent a letter to UN special envoy Martin Kobler warning him of the consequences of his meeting with “one of the most despised individuals” in Libya, Ibrahim Jadhran, ahead of announcing an agreement to open ports blockaded by Jadhran for almost 3years. A dismayed Sanalla discouraged Kobler from […]