First Independent Mena Newspaper
The abundance of sun and wind is increasingly attracting foreign firms to invest in Morocco’s south, the Sahara, as the government set the target of generating 50% of its energy mix out of renewable sources. The recent announcement by Soluna, a New York-based computing company backed by Brookstone Partners, to build a wind-powered center in […]
Soluna Technologies, Ltd. has unveiled plans to build its own wind farm power plant in Southern Morocco in one of the world’s windiest regions and combine it with the company’s private computing facilities to help power the blockchain in a more eco-friendly and sustainable way. The New York-based computing company, backed by Brookstone Partners, will […]
Shell will set up an office in Nouakchott to begin exploring hydrocarbons off shore the West African country. Under an agreement reached between the two parties, the oil and gas giant Shell shall begin exploration activities, starting with reprocessing and analysis of existing seismic data. “This move represents Shell’s entry into the West African Atlantic […]
The European Bank for Reconstruction and Development supports SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. Eric Rasmussen, director of the EBRD’s Natural Resources team said: […]
The recent Tunisian request to Algeria and Morocco for energy supply during the summer could usher a new era of cooperation between the countries of Africa’s least integrated region. The Tunisian electricity and gas utility (STEG) has called on the two Maghreb countries to help supply it with 300 megawatts during the peak summer season. […]
France, Italy, the United Kingdom, and the United States have welcomed the announcement that Libya’s National Oil Corporation has recovered its prerogatives and is resuming its vital work on behalf of all Libyans, insisting that Libya’s oil facilities, production, and revenues belong to the Libyan people. The four world powers have issued a joint statement […]
Libya’s oil production and export operations will resume to normal levels after General Khalifa Haftar, the military strongman controlling eastern Libya, agreed to allow four export ports (Ras Lanuf, Es Sider, Zueitina and Hariga) to reopen. The announcement was made Wednesday by the country’s National Oil Corporation, the only Libyan authorized body to export the […]
Leading Saudi electricity producer and desalter, Acwa power, officially switched on a 120 MW wind farm in northern Morocco as it continues to diversify its portfolio in the north African country. The 1.8 billion dirham investment is the first wind farm to be launched by Acwa power, a group that operates in 10 countries notably […]
The United Nations Chief Wednesday urged Libyan eastern authorities to surrender the country’s oil installations to Tripoli-based National Oil Corporation (NOC) operating under the wig of the UN-backed Government of National Accord (GNA). “The Secretary-General recalls, as stipulated in Security Council resolution 2259 (2015), the need for unity of Libyan institutions and the exclusive right […]
The Libyan National Army (LNA), controlled by east-based warlord Khalifa Haftar, has announced taking back Libya’s two main oil ports after overcoming rival forces that lost control over the ports in September 2016. LNA spokesperson Ahmed al-Mismari Thursday said Ras Lanuf and Es Sider had been secured following days of battle with rival forces who […]