First Independent Mena Newspaper
Nigeria’s oil production shrunk to 1.23 million barrels per day in March with authorities blaming pipeline problems and maintenance issues. OPEC said Nigeria produced 1.32 million barrels in February and 1.42 million in January. Oil theft and pipeline vandalism have dealt severe blows on Nigeria’s oil production, limiting the country’s output and making it fall […]
Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]
Morocco’s state-owned OCP Group and Australian Fortescue Energy have announced a Joint Venture (JV) destined to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. The JV will also contribute to the development of manufacturing facilities and a R&D hub to advance renewable energy industry in Morocco. Mostafa Terrab, CEO of OCP […]
The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]
The Moroccan government plans to develop a liquified natural gas (LNG) infrastructure in the northeastern port of Nador, currently under construction. The announcement came in a gas infrastructure roadmap signed by Morocco’s equipment, interior, finance, and energy departments. The road map “is in line with Morocco’s steady commitment to foster its energy sovereignty and decarbonize […]
The disruption of oil exports from South Sudan after one of its key oil pipelines to international markets was damaged in February could further escalate already acute level of violence and in security in the country, experts have warned. South Sudan depends on its northern neighbor Sudan to export its oil, but Khartoum has recently […]
The Libyan government based in Tripoli suspended oil minister Mohamed Oun, as investigations are ongoing into his involvement in alleged corruption, a Libyan watchdog known as Administrative Control Authority (ACA) said. Oun said he will contest the decision, adding that he has not received a notice yet. Libyan media cited an ACA statement which confirms […]
Mauritania is expected to report the highest growth rate in Africa by 2025 at 14.5% as the west African country taps into newly found gas, phosphates, and uranium resources, the IMF said. In 2024, the IMF expects the Mauritanian economy to grow by 4.3% with the beginning of production in the Grand Tortue Ahmeyim (GTA) […]
Nigerian army has, over the past two days, successfully rescued more than 150 “unharmed” pupils and teachers who were abducted by gunmen from a school in the country’s northeast earlier this month. The kidnapping in Kaduna state on 7 March, one of the biggest such attacks in years, has prompted a national outcry over security. […]
Saudi renewable energy company, Acwa Power, said a new breakdown will leave a solar plant in Noor Ouarzazate project idle until November 2024, totaling losses estimated at 47 million dollars. The breakdown was due to a storage problem, it said in a statement on the Saudi Stock Exchange, adding that it was planning to build […]