First Independent Mena Newspaper
Morocco’s Competition Council quarterly analysis of nine fuel distribution companies reveals price, margin, and tax revenue declines during the second quarter of 2025, highlighting persistent gaps between international cost reductions and domestic pricing adjustments. The comprehensive monitoring system, established through transactional agreements between the Competition Council and distribution companies, provides essential economic transparency in a […]
Morocco has mobilized more than 78 billion dirhams ($8.5 billion) to develop a clean, modern, and multimodal public transport system by 2029, Abdellatif Maâzouz, president of the Casablanca-Settat Regional Council, said during a side event at COP30. The investment plan allocates 11 billion dirhams for the acquisition of 3,750 next-generation buses and 67 billion dirhams […]
The Atlantic Sahara is called upon to become a strategic corridor of connectivity and opening-up between two continents, Africa and Europe thanks to the major energy projects launched under the impetus of King Mohammed VI. The remarks were made by Minister of Energy Transition and Sustainable Development, Leila Benali, in Dakhla on Friday, in a […]
Morocco has taken a decisive step toward its energy future with the National Office of Electricity and Drinking Water launching, earlier this month, Africa’s first Smart Grid platform at the Center for Electrical Sciences and Technology. This initiative, financed by the African Development Bank with over four million dirhams, positions the kingdom as a continental […]
South Sudan has confirmed it requested $2.5 billion in oil-backed loans from two international firms, exceeding the country’s annual budget of less than $2 billion. The Petroleum ministry said on Thursday that the requests, sent in late October, were preliminary and intended solely for official Government purposes. The loans comprise $1 billion from ONGC Nile […]
Contrary to claims circulating in Algerian media, Morocco does not face butane price increases linked to halted Algerian exports—primarily because the Kingdom stopped importing Algerian butane three years ago. Several Algerian news outlets recently asserted that Morocco faces butane price hikes in early 2026 due to Algeria cutting gas exports to the Kingdom, supposedly causing […]
On Wednesday, November 5, 2025, Senegal’s Minister of Energy, Petroleum and Mines, Birame Soulèye Diop, has announced plans for the completion of a national gas pipeline by 2027. Speaking in Diamniadio during the 8th edition of the Senegal International Mining Exhibition, Mr. Diop said the project aims to transport natural gas across the country, linking […]
Morocco has reaffirmed its commitment to a sustainable energy future with a new strategic agreement aimed at boosting electricity production from renewable sources to 52% of installed electricity capacity by 2030. The agreement brings together the Moroccan government, the National Office of Electricity and Drinking Water (ONEE), the Moroccan Agency for Sustainable Energy (MASEN), and […]
Libya’s National Oil Corporation has confirmed a significant oil discovery in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli, marking a fresh milestone in the nation’s energy ambitions. The exploratory well, drilled under the oversight of the Arabian Gulf Oil Company, is estimated to produce 4,675 barrels of crude oil and two million cubic […]
Morocco’s green transition strategy could generate up to $8 billion in revenue by 2030 through integration with the European carbon market, representing over 3% of GDP, according to an International Monetary Fund report published in April 2025. The IMF utilized a global macroeconomic model covering 15 regions and 14 sectors to simulate the impact of […]