First Independent Mena Newspaper
Turkish explorations offshore Somalia led to the discovery of commercially viable crude oil, estimated at 20 billion barrels. Turkey and Somalia had signed a deal under which Turkey controls 90% of oil and gas output rights. The deal triggered criticism for its unfavorable terms for Somalia, a war-torn and cash-strapped country. Somalia’s President Hassan Sheikh […]
Niger has lost interest in the stalling trans-Saharan gas pipeline that was planned to link Nigeria to Algeria. Media reports said Niger stopped studies for the project that took decades with no progress so far. The decision takes place amid deteriorating political ties with Algeria, who is accused by Niger and its other Sahel allies, […]
The Morocco-Nigeria gas pipeline project is gaining momentum as the United Arab Emirates has agreed to contribute to the funding of this $25 billion project to ship Nigerian gas to Europe through Morocco. The announcement was made lately by Morocco’s Minister of Energy Transition Leila Benali in a statement at the Moroccan Parliament. She told […]
In a renewed diplomatic overture, Libya and Malta have initiated a dialogue aimed at reinforcing bilateral cooperation in the energy sector, signaling a broader Mediterranean alignment on oil and gas development. Libya’s Minister of Oil and Gas, Khalifa Abdelsadeq, met with Malta’s Ambassador to Libya, Charles Saliba, on Monday May 5 to explore avenues for […]
In the face of mounting public disquiet and a swirl of viral online allegations, Egypt’s Ministry of Petroleum has firmly dismissed claims that tainted petrol is wreaking havoc on car engines across the country. Responding to a wave of social media posts depicting corroded fuel tanks and vehicle breakdowns—particularly those attributed to 92 and 95-octane […]
Senegal’s Sangomar oil field, located 100 kilometers off the coast of Dakar, achieved “record sales” of nearly 4 million barrels of oil in April, Energy, Petroleum and Mining Minister Birame Souleye Diop announced. “I would like to announce exclusively that we have made a record sale of 3.8 million barrels from the Sangomar oil field […]
Algeria will have to further tighten the belt as barrel prices drop to below $60, boding ill for its export, fiscal deficit, and social peace. Algeria has based its 2025 budget on a barrel price of $70, with over 90% of the country’s economy dependent on oil, gas and byproduct exports. International risk consultancies are […]
When Spain was struck by an overwhelming power outage, Morocco came to the rescue thanks to an undersea power link, in a show of solidarity that falls in line with the Kingdom’s approach to neighborliness and cross-border cooperation. Morocco mobilized 38% of its national grid production to help Spain after the blackout. Prime Minister Sanchez […]
The Egyptian Parliament has endorsed two significant oil agreements, authorizing the Ministry of Petroleum and Mineral Resources to formalize contracts with Russian energy giant Lukoil, further cementing Cairo’s strategic alliance with Moscow in the energy sector. The first deal grants exploration and production rights to Lukoil Overseas Egypt Ltd., in partnership with the South Valley […]
The strategic Nigeria-Morocco gas pipeline project, recently rebranded as the Atlantic Africa Pipeline, is attracting significant international interest, with both the United States and China vying for involvement in the $25 billion venture. During the IMF and World Bank Spring 2025 meetings in Washington, Nigerian Finance Minister Wale Edun revealed growing American interest in the […]