First Independent Mena Newspaper
Eight oil and gas exploration projects have been awarded by Egypt to several companies in a statement released from the ministry of petroleum. The decision followed the reception of 13 offers after an international call for tender concerning prospective acreage. Among the companies are British Petroleum (BP), International Egyptian Oil Company (IEOC), a subsidiary of […]
After halting its oil production during the uprising against Ghaddafi and beginning production activities after his ousting, Libya has finally reached the production level of the Ghaddafi era and has surpassed expectations. At the beginning of the year, oil minister Abdelbari Arusi said they are hoping to reach the level of 1,7million barrels per day […]
The Palace of Nations is hosting the second national conference on tourism where the stakeholders will have an overview of the 2008-2012 activity report. The gathering was graced by the presence of several government officials and international dignitaries. President Bouteflika’s message addressed to the conference was read on his behalf by one of his advisers, […]
After signing a strategic partnership agreement in February, Huawei and Etisalat Misr have sealed a new contract that will provide the latter with the latest BTS3900 radio base station technology. The deal is meant to improve quality and speed to the Etisalat Misr’s radio network. The BTS3900 will help the Egyptian company to save expenditures […]
Forte Energy NL, an Australian-based minerals company formerly known as Murchison United NL, has sealed a contract with Wallis Drilling Africa. The deal will offer Forte Energy the license to drill almost 5,000m of NQ Aircore in the highly prospective areas close to the A238 prospect at Hassi Baida in Mauritania. The company specializes in […]
The Chief Executive Officer and owner of Cevital, Issad Rebrab has said that the company is expecting to increase its white sugar exportations by 20% this year. To reach its goal, it will be boosting its sugar refining capacity from 750,000 tons to 2,75 million tons. The company has always set its eyes on exporting […]
Air British Petroleum (BP) has penetrated the Tunisian aviation fuel sector through a commercial and technical service agreement with Tunisia’s national oil distribution company, AGIL. The agreement allows service coverage at seven airports, namely Tunis Carthage, Djerba, Enfidha, Tozor, Tabarka, Monastir and Sfax. This is the second agreement of this type being concluded by the company […]
Another discovery has been made by Repsol, a Spanish petroleum company. It discovered gas in Algeria around an area not far from the In Amenas plant which was attacked by terrorists in the beginning of the year. Even though the Spanish company is yet to release an official statement to give details about its finding, […]
Latelec manifested its desire to leave the shores of Tunisia, after a heavy loss due to frequent strikes caused by the revolution. An estimated loss of $22,5million has been registered by the French company which is a subsidiary to the group Latécoère. The company has plants in El Meghira and Charguia but the operations have […]
The economic partnership between Algiers and Paris is in the right direction and both partners are willing to improve on it in order to make it more conducive for national and foreign investors. Minister Rahmani is on a working visit to France to improve the cordial business relationship they share. He will be holding meetings […]