First Independent Mena Newspaper
The first results of the feasibility study on the undersea power grid linking Morocco and Portugal are so far promising. The inter-continental electricity link, expected to be operational by 2020, can be achieved for a total cost of €700 million. The results of the study will be fully unveiled in two or three months, said […]
Algeria will receive more doctors from Cuba in return for suppling the communist run island with crude oil, which seeks to offset a steep decline in oil shipments from its key ally Venezuela. An agreement was signed between the two countries providing for three years of Algerian oil supplies, the Cuban news agency Prensa Latina […]
Morocco’s road map to boost its renewable energy development plans was discussed at a meeting held in Casablanca Friday under the chairmanship of King Mohammed VI. During the meeting, managing director of the Moroccan Agency for Sustainable Energy (MASEN), Mustapha Bakkoury, made a presentation on the achievements scored up to 2017, when the share of […]
UK-based SDX Energy announced a new gas discovery in its ONZ-7 development well in the Sebou permit, north-western Morocco near the Atlantic city of Kenitra. Drilled to a total depth of 1,167 meters, the ONZ-7 well encountered five meters of net conventional natural gas pay in the Hoot formation, the company said in a statement. […]
Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]
British Petroleum and its sister Dutch Shell have inked deals with the Libyan National Oil Corporation (NOC) to buy ship-ments of Libyan oil, Libya Herald reports Friday. The media said it received confirmation from the NOC that both European firms have signed deals to buy the Libyan oil. Shell, according to Bloomberg, which has been […]
Morocco, which imports most of its energy needs, is planning to build a $4.6 billion natural gas plant, part of its strategy to enhance its energy mix and autonomy. This project has been announced by the Moroccan Energy Minister Aziz Rabbah in Abu Dhabi, on the sidelines of his participation in the 8th session of […]
Abu Dhabi’s renewable energy company Masdar announced on Sunday that it has completed a landmark off-grid solar power project, supplying energy to 19,438 households in more than 1,000 rural villages in Morocco. The announcement was made Sunday on the sidelines of the 8th session of the International Renewable Energy Agency (IRENA) held in Abu Dhabi […]
Morocco has awarded French VINCI Construction company a €284 million contract for building a pumped storage hydroelectric plant (PSP), located 70 km from Agadir. The project is part of the North African Kingdom’s plan to develop and integrate renewable energies. The contract covers construction surveys, civil engineering works, supply of materials and pumping equipment, assembly, […]
UK-based SDX Energy has decided to abandon the ELQ-1 well in the Gharb Center permit, northwestern Morocco, after failing to achieve desired results from a drilling campaign. Drilled to a total depth of 1,484m, the well has encountered 22.6 net meters of reservoir interval and two meters of marginal net conventional gas pay in the […]