First Independent Mena Newspaper
Egyptian Ministry of Electricity is in talks with six Saudi companies to implement renewable energy and green hydrogen generation projects. Egyptian Minister of Electricity Mohamed shaker is currently in Saudi Arabia for talks with six Saudi firms including ACWA Power, Alfanar, and Fas Holding. The official will be also meeting with Saudi financing entities to […]
Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]
Ahead of the COP27 in Egypt, Namibian and European Union officials say they have reached an agreement for Namibia to export rare earth materials to the EU, as Namibia’s total exports to the EU market have soared by 50%. The EU is interested in developing the mining of minerals like lithium, cobalt and graphite, which […]
Nigerien authorities have shut down the gold mining site of Tamou in the department of Say in reaction to a string of attacks that targeted the site, anadolu news agency reports. Barmini Kaboyé, the Prefet of the department in a decree issued Thursday the site is shut down until further notice. The decree also indicated […]
Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]
Nigeria’s President Muhammadu Buhari has urged local and foreign investors to inject money into the country’s oil and gas sector undergoing reforms, reports say. Speaking at the commissioning of Pinnacle Oil and Gas Limited’s Lekki Free Trade Zone Terminal in Lagos, the Nigerian President said that the operation of the new facility will lower the […]
India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]
Mozambique expects to make its first export of liquefied natural gas (LNG) to Europe at the end of this month or early November from the Coral Sul floating platform, operated by Italy’s Eni. The information was given to Reuters by the National Petroleum Institute (INP) last week, at a time when Europe is facing a […]
As the European Union restructures its plans for energy security in light of shifting geopolitical realities, high-level European and African energy stakeholders met during the Africa-Europe Roundtable in Cape Town to discuss the potential of Africa’s hydrocarbon and renewable resources to help attain global energy security. Addressing the role of the African continent in advancing […]
Egypt’s leading engineering, construction and infrastructure company, Hassan Allam Holding, is considering investing up to $150 million in renewable energy and seawater desalination, in Morocco, the company’s CEO Amr Allam told Asharq Business in an interview. “If we entered a partnership in a renewable energy plant with a capacity between 50 and 100 megawatts (MWs), […]