First Independent Mena Newspaper
Sound Energy PLC has won regulatory approval from Moroccan authorities to take control of 75% interest in the Sidi Mokhtar onshore licenses. Sound Energy, the African and European focused upstream gas company, said in a statement that the deal consists of three onshore gas permits (the “Sidi Moktar Licenses”) covering 2,700 square kilometres in the […]
Largest Global Solar EPC company, Sterling & Wilson signed a deal with the consortium led by Saudi Arabia’s ACWA Power to build a 170MW photovoltaic (PV) facility in Morocco’s southern provinces, the Sahara. The agreement, signed during a ceremony at The UN Climate Summit (COP22) in Marrakech, is part of the Noor PV I program […]
Morocco and Nigeria signed a partnership agreement to conduct feasibility studies and build a gas pipeline that will stretch along the coast connecting Nigerian gas wells with West African countries all the way up until reaching the Kingdom. The signing ceremony of the agreement was chaired in Abuja by Nigeria’s President Muhammdo Buhari and King […]
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]
The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]
After making a significant onshore gas discovery in Tendrara in Morocco’s north east, Sound Energy confirms the success of a second TE-7 gas well lying only 1.6 kilometres away from its TE-6 first well. “I am pleased to report the success of our second well at Tendrara and that the use of sub-horizontal drilling techniques […]
The London High Court ruled that the British Energy company, BP, pays $68.9 million to the National Bank of Abu Dhabi (NBAD) in a case originating from the sudden closure of Morocco’s Samir refinery in 2015. BP “sold a cargo of crude to Samir in August 2014 which was not paid for and NBAD took […]
As part of efforts to promote clean energy and reduce climate change, Morocco plans to use solid waste to generate electricity. In this regards, a memorandum of understanding was signed between engineering company Siemens and PEPS, a branch of the Imperium Holding industrial group, specialized in turning solid waste into electricity, in partnership with NST, […]
The Moroccan Agency for Solar Energy (MASEN) has selected Saudi Arabian power engineering firm ACWA Power and China’s Chint group to set up three solar plants with a total capacity of 70 megawatts as part of the Noor PVI project. With a combined capacity of 170MW, the three photovoltaic projects will help provide electricity with […]
Morocco and the World Bank Wednesday agreed during the finance summit of the UN conference on climate change (COP22) in Marrakech to launch the “Green Growth Infrastructure Facility for Africa” tasked to spur green economy on the African continent and pull together environment-friendly private and public investments. GGIF for Africa is first true green economy […]