First Independent Mena Newspaper
The already fragile economic and financial conditions in Algeria are expected to worsen as oil, the country’s main export, drops below $60 per barrel. Oil markets plunged following Trumps tariffs that triggered fears of a global slowdown and reduced demand for oil and gas, whose prices have also declined. Oil and gas represent the bulk […]
French Minister of Industry and Energy Marc Ferracci and the Special Envoy of President Emmanuel Macron for energy partnership Gérard Mestrallet will travel to Ouarzazate to take part in a major energy event scheduled for April 23 with the participation of Moroccan ministers of energy transition and Equipment, Ms. Leila Benali and Nizar Baraka. As […]
The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]
Massad Boulos, newly appointed senior advisor for Africa at the US State Department, is set to begin a diplomatic mission to the Democratic Republic of the Congo (DRC), Rwanda, Kenya, and Uganda. The trip, which starts on 3 March, aims to foster peace in eastern DRC, where M23 rebels continue their offensive, and encourage increased […]
The Tanger Med port complex has achieved a significant environmental milestone by switching to 100% renewable energy as of January 1, 2025, as part of its ambitious plan to reach carbon neutrality by 2030. This initiative is backed by substantial investments of approximately 2 billion dirhams aimed at transforming the port’s energy infrastructure and reducing […]
Libya’s crude oil production saw a slight rise on Monday March 31, reaching 1,388,781 barrels, up from 1,386,889 barrels recorded the previous day, according to the latest figures from the National Oil Corporation (NOC). Along with the increase in crude oil, condensate production also climbed, reaching 55,693 barrels, an improvement from 53,648 barrels on Sunday. […]
In the remote village of Karan, Mali, solar power has sparked remarkable change. The installation of a mini-grid operated by WeLight has provided 3,000 residents with reliable electricity, transforming local commerce and daily life. Bakery owner Samba Diakité exemplifies this impact. Previously dependent on diesel generators costing $100 daily, he now saves more than half […]
OCP’s fertilizer maker subsidiary, Nutricorps, said it plans to increase production capacity by 9 million tons by 2028. To that end, Nutricorps will set up new mining and industrial sites in Mzinda in Youssoufia and Meskala in Essaouira, it said in a statement. These complexes, designed to run exclusively on renewable energies (solar and wind), […]
Morocco has established itself as a key player in renewable energy, offering numerous investment opportunities in this sector, Brussels-based SolarPower Europe states in a report. The report, released Tuesday March 18, explores the numerous investment opportunities within Morocco’s solar sector, highlighting the country’s market dynamics, regulatory frameworks, as well as concrete recommendations to accelerate solar […]
President Bola Tinubu has declared a state of emergency in Nigeria’s oil-producing Rivers State, suspending the governor, deputy governor, and all state lawmakers amid escalating security concerns and political upheaval. The dramatic intervention follows reports of militant attacks on critical oil infrastructure in the strategically vital region. In a televised national address, Tinubu cited “disturbing […]