First Independent Mena Newspaper
Algeria will have to further tighten the belt as barrel prices drop to below $60, boding ill for its export, fiscal deficit, and social peace. Algeria has based its 2025 budget on a barrel price of $70, with over 90% of the country’s economy dependent on oil, gas and byproduct exports. International risk consultancies are […]
When Spain was struck by an overwhelming power outage, Morocco came to the rescue thanks to an undersea power link, in a show of solidarity that falls in line with the Kingdom’s approach to neighborliness and cross-border cooperation. Morocco mobilized 38% of its national grid production to help Spain after the blackout. Prime Minister Sanchez […]
The Egyptian Parliament has endorsed two significant oil agreements, authorizing the Ministry of Petroleum and Mineral Resources to formalize contracts with Russian energy giant Lukoil, further cementing Cairo’s strategic alliance with Moscow in the energy sector. The first deal grants exploration and production rights to Lukoil Overseas Egypt Ltd., in partnership with the South Valley […]
The strategic Nigeria-Morocco gas pipeline project, recently rebranded as the Atlantic Africa Pipeline, is attracting significant international interest, with both the United States and China vying for involvement in the $25 billion venture. During the IMF and World Bank Spring 2025 meetings in Washington, Nigerian Finance Minister Wale Edun revealed growing American interest in the […]
The Moroccan Energy Investment Company (SIE) has launched a new initiative to select industrial companies for energy audits, advancing the country’s industrial energy transition and efficiency targets. The program aims to help manufacturing companies identify energy-saving opportunities while promoting both efficiency measures and renewable energy solutions. All audits will adhere to Moroccan standards NM ISO […]
Nigeria’s finance minister Wale Edun said the United States is interested in investing in the Atlantic pipeline that will link Nigeria to Morocco, helping 13 West African countries meet their energy needs. Edun made the statement to Nigerian media following talks with Opayemi Cardoso, Nigeria’s central bank governor, and “the director of international economic relations, […]
King Mohammed VI’s vision for achieving energy sovereignty, and Morocco’s strong commitment to reshaping the global energy landscape were highlighted at a ministerial session of the Future of Energy Security Summit held in London. This came in the address delivered before the session by Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali. The […]
Morocco is a country of great strategic importance to the UK whose energy future depends on stronger ties with Morocco, said Labor MP Joe Powell in an Op-Ed published Thursday in the UK HuffPost. The Morocco-UK Power Project, recently recognized in TIME Magazine’s World’s Top GreenTech rankings, promises to supply enough clean electricity to power […]
The Moroccan energy ministry has issued an expression of interest for its liquified natural gas terminal in Nador’s port, an infrastructure that fits the country’s energy diversification policy, energy minister said. This announcement marks the first step in a tender for the project that will help power electricity production plants and industrial zones in Mohammedia […]
The Moroccan agency for sustainable energy MASEN said it has switched on Noor Ouarzazate III solar plant after a 14-month breakdown. The breakdown highlights the dysfunctions with the CSP technology used in the plant which has experienced recurrent breakdowns. The 150-megawatt plant had shut down in February 2024 after a storage breakdown that the operating […]