First Independent Mena Newspaper
Morocco is planning to boost its renewable energy capacity to 11GW by adding 6.5GW over the next four years, energy minister Leila Benali said. The country has a total capacity of 11GW and plans to almost double that to 20GW as it also invests in gas and green hydrogen, the minister said in Rabat, cited […]
ECOWAS Countries involved in the Morocco-Nigeria gas pipeline are expected to sign a final investment decision in 2025, according to Morocco’s oil and mines authority ONHYM. Speaking at a forum in Rabat, head of development at ONHYM recalled that the pipeline will cross 13 countries and stretch over 7000 kilometers. The cost of the pipeline […]
Nigeria seeks investors to develop 12 onshore and offshore oil blocks as it seeks to tap into its 37.5 billion barrels of crude. “Nigeria is committed to conducting the licensing round in a fair, competitive and transparent manner and ensuring a level playing field for both indigenous and international investors,” said Gbenga Komolafe, head of […]
The reported Algerian threats to stop delivering natural gas to Spain’s Naturgy if the utility company sells shares to another company show the real face of the Algerian regime controlled by rogue Generals. Naturgy consortium holds a 49 pc stake in Medgaz pipeline which transports gas from Algeria to Spain, while state-owned Sonatrach of Algeria […]
Shell said it will ditch its downstream business in South Africa by divesting its shares in a local company, ending 120 years of operations there. “Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in Shell Downstream SA (SDSA). Considering SDSA’s illustrious history, this decision was not taken lightly,” the […]
The sub-Saharan African region that holds about 30% of the world’s proven critical mineral reserves can be transformed if it can take the opportunity to develop critical minerals markets and processing industries to maximize the potential of the coming boom, the IMF’s latest Regional Economic Outlook says. The global transition to clean energy is set […]
Nigeria’s underperforming refineries are not able to meet the rising demand on gasoline in the most populous African countries where queues are becoming longer in gas stations. The shortage sent prices skyrocketing which further erodes the purchasing power of most of the population as the prices of transport surge. The long waiting hours are causing […]
American company GE Gernova has decided to join the Xlinks Morocco-UK power project with a $10.2 million investment injected in this ambitious project expected to produce affordable and clean energy. Once complete, the Project’s wind and solar generation, combined with flexible battery storage, is expected to supply 3.6 gigawatts (GW) and deliver approximately 8% of […]
The London-based energy company SDX said it has started gas production in Morocco after receiving government’s approval. SDX well is located in the Gharb region not far from Kenitra, where there is an industrial zone including automotive plants that need gas for industrial operations. Morocco considers gas a transition energy to cut its carbon footprint […]
North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters. The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in […]