First Independent Mena Newspaper
Mali’s leading energy supplier and distributor “Yara Oil” is in advanced talks with the World Bank’s private sector financer, the International Finance Corporation (IFC), for a loan of €20.7 million earmarked to finance its domestic expansion plan, “Sika Finance” reports. Per the expansion plan, the company founded in 1983, will start 10 new distribution stations […]
Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]
Danfoss, a Danish energy solutions company, is eyeing the growing data centre market in Kenya’s data center sector, partnering with local companies and institutions to grow its foothold in the East African country that has long harbored the ambition to become the regional petroleum hub. Through partnerships with Kenyan companies, alliances with universities, and internship […]
Morocco sits on tremendous uranium reserves thanks to its world’s largest phosphates deposits that could help the country power its desalination plants and export surplus, the Middle East Institute said. The paper, by Michael Tanchum, recalls that 73% of the world’s phosphate rock reserves contain an estimated 6.9 million tons of uranium, that compares to […]
Morocco announced a tender for the development of Noor Midelt III, a 400MW solar plant part of a complex that is designed to be the largest in the world. Once completed the Noor Midelt project would have 1600 MW installed capacity, conducive to Morocco’s goals to generate 52% of its electricity from renewable sources. Morocco […]
Kenya has seen a significant surge in solar power generation that experts hail as a game-changer for the East African country, whose abundant sunshine can potentially revolutionize its energy sector in terms of cost-effectiveness and scalability. But rather than environmental concerns, the surge in solar energy perhaps seems to be more motivated by simple economics […]
The military coup in Niger has added political instability to terrorism risks in a region beset with violent extremism and weak states making Algeria’s ambitions to establish a gas pipeline channelling Nigerian gas an unfeasible project. Algeria has for long fantasized about a pipeline to transport Nigerian gas to Europe, a project that has been […]
Chariot Green Hydrogen Ltd, a subsidiary of Chariot Energy Group, announced on Wednesday it signed with Mohammed VI Polytechnic University (UM6P) and Oort Energy Limited, new partnership agreements to extend their collaboration to test the production of green hydrogen in Morocco. The agreements are focused on the construction, commissioning and operating of an electrolyser pilot […]
UK Chariot Energy Company announced on Monday that it has signed a Petroleum Agreement for a new exploration licence, Loukos Onshore, located onshore Morocco. Under the agreement, Chariot holds 75 % interest in, and operatorship of the Loukos licence sealed in partnership with the Moroccan National Office of Hydrocarbons & Mines (ONHYM) which will hold […]
Morocco’s King Mohammed VI urged the government to speed up the implementation of “Morocco Offer” project in the field of green hydrogen as the country seeks to diversify its energy sources by increasing the share of renewables. “I invite the government to speed up the implementation of this project, to make sure the requirements of […]