First Independent Mena Newspaper
Tunisia’s Ministry of Industry, Mines, and Energy has clarified that the decrease in production at the Al Borma oil field stems largely from a natural annual decline of approximately 8 percent, compounded by operational hurdles linked to the financial difficulties of the Italo-Tunisian Petroleum Exploitation and Distribution Company (SITEP). Responding to a parliamentary inquiry by […]
Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. The find was made by the Austrian energy company OMV through its Libyan branch, marking the firm’s first exploration activity in the region. According to the NOC’s statement released on Wednesday, October 29, preliminary tests […]
Morocco’s state-owned phosphate giant, OCP Group, is set to close 2025 with investments totaling 53 billion dirhams – as part of an already announced 13 billion-dollar investment plan by 2030- driven by major projects including the expansion of fertilizer production capacity, according to a government report attached to the 2026 draft finance bill. Published by […]
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
Morocco has pledged to phase out coal-fired power generation by 2040, conditional on international support, or in the 2040s unconditionally, marking its first official coal exit timeline. The commitment, outlined in the country’s updated Nationally Determined Contribution (NDC), follows Morocco’s 2023 decision to join the Powering Past Coal Alliance (PPCA) and signals a major shift […]
Morocco has taken a significant step toward energy autonomy with the adoption of a law regulating electricity self-production. The law, approved by the cabinet on October 23, aims to decentralize power generation and strengthen the kingdom’s energy resilience amid rising demand and slowing renewable output. The move comes as Morocco faces mounting energy pressures. National […]
The Democratic Republic of Congo (DRC) is pitching a bold new role on the global tech stage: powering the future of artificial intelligence (AI). With the rise of energy-hungry AI data centers, the country is promoting its colossal Grand Inga hydroelectric complex as the world’s green solution to computing’s growing power demands. The Inga site […]
Morocco is set to start extracting uranium from its huge phosphate deposits, enabling the country to position itself as a key player in the global Uranium industry, according to press reports. Uranium is primarily used as fuel in nuclear reactors, where its atoms are split to produce vast amounts of energy. Extracted from phosphoric acid, […]
Trade between Libya and Italy fell sharply in the first half of 2025, with total exchanges amounting to €4.76 billion, down from €6.02 billion in the same period last year — a 21% decline, according to data from the Italian Trade Agency cited by Nova News Agency. The downturn was primarily driven by a 25.3% […]
A strategic energy partnership between Morocco and Nigeria reached a pivotal milestone with the establishment of a dedicated joint venture to manage their ambitious $25 billion trans-African gas pipeline project. The newly formed entity will oversee financing and implementation of this massive infrastructure initiative, marking a transition from planning to operational phases. According to the […]