First Independent Mena Newspaper
When Algeria unilaterally cut gas supplies through the Maghreb-Europe gas pipeline in late 2021, it was expecting Morocco to succumb to darkness and electricity cuts. But none of that happened. Instead, a new energy partnership was forged with Spain giving the halted pipeline a new life. Spain received annually 2 million euros from Morocco for […]
Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]
Africa’s gas share in the global market will increase from 6% of all gas supplies in 2021 to over 11% by 2050, according to a report by Gas Exporting Countries Forum (GECF). Gas production in the continent is forecast to increase from 260bn cubic meters in 2021, to 585bn cubic meters in 2050, on the […]
The President of Senegal Macky Sall inaugurated Saturday a power plant with a 120 Mega Watt output expected to provide energy to 500,000 households in and around the city of Thies, located West of the African country. The plant build in the town of Malicounda is a public and private partnership. The shareholders include state-run […]
Nigeria could become biggest oil refiner in the region by 2025, Hawilti, a pan-African investment research firm, has predicted, a prediction that comes as a surprise in light of the west African nation’s longstanding struggle with shortage of petroleum products for its population, Africa’s largest. According to Hawilti’s recent report titled “Refineries watch Q4 2022”, […]
Exploration for nickel and chrome will begin ‘in the next few days’ in DR Congo’s southern, diamond-rich Kasai region, Congo’s president has said, adding that his country wants to position itself as a key source of the two strategically important metals in the green energy transition. Democratic Republic of Congo (DRC) wants to position itself […]
Italy has become the latest country to join the US-led Mineral Security Partnership (MSP), announced in June last year, whose aim was to add ethical values to the entire critical minerals and batteries value chain. The announcement was made by the US Under Secretary of State for Economic Growth, Energy, and the Environment, Jose Fernandez, […]
The “Funding Body of Science, Technology and Innovation” of the Egyptian Ministry of Higher Education and Scientific Research and Romanian Ministry of “Research, Innovation and Digital” have penned a Memorandum of understanding (MoU) to enhance cooperation in the field of science and technology. The agreement signed Sunday aims at enhancing cooperation between the two parties […]
Morocco has once again emerged as a leader in the Maghreb in matters of climate finance systems and regulation to support climate action, according to the “Climate Finance Readiness Index” report The report, published recently by the Toronto and Casablanca-based consulting firm Green For South, highlighted that Morocco is, in its sub-region which also includes […]
Egypt and Nigeria have signed a memorandum of understating (MoU) to enhance bilateral cooperation in the field of electricity and renewable energy, a statement from the Egyptian Ministry of Electricity and Renewable Energy said Tuesday. Per the agreement, the two countries will support joint cooperation in a number of areas including: technical support for the […]