First Independent Mena Newspaper
Moroccan and American government representatives and leading businessmen are expected in Atlanta, Georgia, on October 13 to take part in the second edition of the Morocco-US Trade and Investment forum. The gathering aims at promoting investment, trade and partnership opportunities between Moroccan and U.S. companies in the areas of renewable and hydrocarbon energies, aeronautics & […]
Algeria which is badly hit by the collapse of oil prices on the international market is trying to end its heavy dependency on oil and to diversify its energy production. One of the alternatives raising Algerian authorities’ optimism is the Sahara Solar Breeder project (SSB) being developed in cooperation with Japanese researchers. Algerian and Japanese […]
Jean Louis Borloo, France’s former energy minister hopes to raise $3 billion from Western donors by next year to help cash-strapped African nations fund renewable energy projects, in a bid to tackle pollution and spur development. According to Jean Louis Borloo, his project to bring energy to 600 million Africans already had commitments from Western […]
Algeria would be facing a challenging period in the upcoming years as the low hydrocarbon prices will affect the country’s income. The statement was not made by a political or economic analyst but by the Algerian Prime Minister Abdelmalek Sellal himself, at a meeting with the academic community on Sunday. He said the collapsing hydrocarbon […]
Algerian Finance Minister declared Sunday that despite current economic down-turn of the Algerian economy due to acute collapse of oil price, Algeria does not need foreign intervention to balance its budget, saying that the government will lean on domestic economic potential to keep its head above water. “Algeria does not need foreign debt, it needs […]
The semi-autonomous Kurdish government in Iraq has been selling oil to Israel in defiance to Baghdad because the state does not officially recognize Israel. In a report published by Financial Times on Monday, Israeli refineries and oil companies received an average of around 240,000 barrels per day between May and August which amounts to almost […]
The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]
The Israeli cabinet approved the deal signed between Israel and a consortium including U.S. firm Noble Energy on the production of natural gas at the offshore Leviathan field located in the Mediterranean amid criticisms that it is detrimental to the interest of the average Israeli citizen because the conditions of the deal do not encourage […]
Electricity has been a major challenge in Libya in the past few years because fighting in the country destroyed some of the infrastructures while foreign companies have been reluctant to supply spare parts needed to repair damaged grids. The Tripoli-based government has announced that electricity will be imported from neighboring Egypt and Tunisia to reduce […]
Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields. The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]