First Independent Mena Newspaper
The administration of President Alassane Ouattara announced Thursday a 10 percent hike in energy price from July 1st this year in a move to mitigate exploitation loss in the sector at $124 million. Mamadou Sangafowa Coulibaly, Minister of Mines, Petroleum and Energy, indicated that the increase in the price concerns users of 15 A (15 […]
The Telegraph highlighted Morocco’s energy export potential describing the country as a “renewable energy superpower at Europe’s doorsteps.” The daily recalls that the country – thanks to the forward-looking leadership of King Mohammed VI- managed to promote renewable sources of energy to account for 40% of its energy mix as it forges ahead to surpass […]
TotalEnergies has abandoned the polypropylene plant project at Arzew, located on the Algerian coast, near Oran. However, no official announcement has been made by the French group. It was until May 18 that the British oil services company Petrofac revealed that STEP Polymers SPA (a 100% subsidiary of the Algerian state company Sonatrach) had awarded […]
Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year. The new refinery, owned by Africa’s riches man Aliko Dangote, was […]
Morocco is called upon to share its successful experience in renewable energies with African countries, said President of the African Development Bank (AfDB) Akinwumi Adesina, who is taking part in the AfDB annual meetings held in Sharm el-Sheikh, Egypt, this May 22-26. Morocco aimed high in capitalizing on renewable energy to develop its economy, said […]
The operators of luxury Safari camps in Zimbabwe, which charge more than $1,000 a night, have lodged objections against a planned oil exploration program in the country’s UNESCO World Heritage Site, Mana Pools National Park. The Zimbabwean top tourist attraction, the pristine Mana Pools, could be under threat after a mining company applied for a […]
The World Trade Organization chief has urged Nigeria to see alternative revenue sources as the oil and gas industry becomes less lucrative. Speaking during a recent function in Abuja, Ngozi Okonjo Iweala, Director-General of the WTO, has advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains. […]
Australia-listed oil and gas firm Invictus Energy has recently confirmed its discovery of light oil, gas condensate and helium in a remote northeastern region of Zimbabwe, which is hailed as a culmination of months of exploration. Analysis of samples from its remote sites near the border with Mozambique “definitively proves the presence of hydrocarbons in […]
The London-based mining company Aterian announced on Monday it discovered high grade silver in its geological reconnaissance operations conducted in its Jafra project located 35 km northeast of Marrakech. The Project is one of 15 copper, silver and base metal projects owned by Aterian, covering a total area of 762 km2 in Morocco. It lies […]
Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]