First Independent Mena Newspaper
Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, the chairman of the state-run National Oil Corp told Bloomberg. The statement comes as the country’s capital has sank in a spiral of violence opposing rival militias. Output reached recently 1.278 […]
The government of Egypt last weekend signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for eight wells, a statement said. The government in a separate deal of $10 million with Rockhopper, Kuwait Energy and Canada’s Dover Corporation, agreed on the exploration of the Western […]
RWG has won a three-year contract to ship gas-fired generators to Metragaz S.A.’s facilities in Morocco. Metragaz, a division of Spain’s Naturgy Energy Group, provides gas compression services for the Maghreb-Europe Gas Pipeline. Under the contract, RWG will build, configure and ship exchange gas generators to Metragaz in advance of scheduled overhauls and recommissioning in […]
Will Morocco start marketing its gas in two years? The answer is yes, according to local daily l’Economiste, which states that the potential is huge as forecasts put the volume at 60 million cubic feet per day over a minimum period of 10 years. Morocco’s gas potential is so important that it will soon be […]
UK-based Sound Energy company has sealed a new 8 year petroleum deal including the areas previously covered by the Tendrara petroleum agreement and the Matarka reconnaissance license (“Greater Tendrara”) in addition to the existing Anoual petroleum agreement and the production concession application relating to the Tendrara gas discovery in Eastern Morocco. Commenting the deal, Sound […]
The 900MW wind farm that will be built by Brookstone’s Soluna firm in the southern province of Dakhla for about $2.4 billion is a trailblazing project that has been met with acclaim in Morocco, notably among the population of the southern provinces, much to the chagrin of pro-separatist organizations funded by Algeria. The project will […]
State-owned oil and gas company Sonatrach, the backbone of Algeria’s economy, is reeling under an acute brain drain as its recent discoveries fail to offset the decades long depletion of the country’s hydrocarbon resources. The company has lost 16,000 of its brilliant minds in the last eight years deplored Sonatrach officials in statements to Algerian […]
Emmerson company, which specializes in natural resources exploration and production, is developing the Khemisset Potash Project, in Northern Morocco. The project has a large JORC Resource Estimate and significant exploration potential with an accelerated development pathway targeting a low capex, high margin mine, says the company’s management. Khemisset is ideally located to benefit from the […]
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]