First Independent Mena Newspaper
Turkey is following in the footsteps of China and Russia in seeking to strengthen its foothold in the continent focusing mainly on oil and gold. Next month, Turkey will send the research vessel Oruc Reis to explore offshore oil blocks in Somalia, where Ankara has its largest overseas military base and manages key infrastructure. Turkish […]
On Thursday, August 22, Brega Oil Marketing Company announced that three tankers had arrived at the ports of Misrata, Tripoli, and Al-Zawiya, each carrying 30 million liters of gasoline. The company stated on Facebook that the fuel would be distributed to stations within two days to alleviate congestion caused by previous delays. Fuel distribution in […]
Chariot Limited, the Africa focused transitional energy group, announced Tuesday August 20 that drilling operations have commenced offshore Morocco on the Anchois East well, marking a significant step in the development of the Anchois-3 well. The drillship Stena Forth has arrived at the Lixus Offshore license, initiating a key phase in the Anchois gas project, […]
Production in the Sharara oil field has increased to approximately 85,000 barrels per day (bpd) to support the Al-Zawiya oil refinery. The National Oil Corporation (NOC) had previously declared force majeure on the Sharara oil field after its shutdown on August 7. The NOC informed foreign partners and customers that this force majeure would not […]
Senegal’s new government is taking a bold step to reassess its oil and gas contracts. Prime Minister Ousmane Sonko has announced the formation of a special commission tasked with reviewing these agreements. This group, made up of legal, tax, and energy experts, will scrutinize existing contracts with the aim of rebalancing them in favor of […]
Morocco has decided to speed up desalination projects to meet growing demand for drinking water and irrigation amidst a persistent drought. By 2030, 50 pc of the country’s drinking water will be supplied by desalination plants. Several foreign investors have shown interest in Morocco’s ambitious projects, including U.S. Company “Energy Recovery” which has signed lately […]
The Rwandan government signed, on Wednesday August 14, a memorandum of understanding with the American company Nano Nuclear Energy for the construction of small nuclear reactors (SMR), announced the Rwandan Atomic Energy Authority (RAEB). Smaller and simpler in construction than conventional power plants, SMRs are reactors that are mass-produced in a factory and then transported […]
Forces loyal to Haftar disrupted production at the country’s Sharara oil field, operated by a Spanish company, in a move described as “political extortion” by the UN-recognized government in Tripoli. Haftar’s forces tried to shut down the oil field in protest over a Spanish arrest warrant against Saddam Haftar, a key military figure in his […]
The demand for reliable electric batteries is surging as technology develops towards more use of lithium iron phosphate cathode (LFP) instead of the rare and more expensive nickel-based cathodes. Morocco has 70% of the world’s proven phosphates reserves and has in recent months attracted investments by major Chinese EV battery producers. While cathodes make up […]
Sub-Saharan Africa offers opportunity for a $193-billion investment in renewable energy sector by 2031, including utility-scale wind, solar, storage and transmission projects, which may yield an internal rate of return of 15% to 21%, much higher than with similar projects in Europe and the United States, according to a new study. “Africa represents a significantly […]