First Independent Mena Newspaper
Morocco was cited as a good example in the Global Electricity Review 2022, thanks to its investments in wind power which now accounts for 17% of the country’s energy mix. The report, published by energy think tank Ember, highlights Morocco’s continental leadership in clean energy which outperformed the global average of 12%. The share of […]
Three opposition parties called for the creation of a fact-finding mission to look into imports of Russian diesel in Morocco with a focus on prices in fuel stations. Due to Western sanctions, Russian diesel is the cheapest on the market. But, some Moroccan consumers deplore that prices in fuel stations remain high. Opposition parties, PPS, […]
The Nigerian National Petroleum Corporation (NNPCL) will invest $12.5 billion to secure a 50% stake in the $25 billion Nigeria-Morocco gas pipeline project. This historic project is expected to set a record as the world’s longest offshore gas pipeline, covering some 5,600 km across 11 African countries. NNPCL and Morocco’s National Office of Hydrocarbons and […]
Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]
The project consisting in shipping electricity from Morocco to the UK led by Xlinks has featured in the UK’ s government energy security plan, dubbed Powering UP Britain. The policy paper sets out interest in the Xlinks project, a proposed large scale onshore wind, solar and battery electricity generation site in Morocco that would exclusively […]
Morocco is set to bolster the share of renewable energy in its installed capacity to 43% by the end of the year, from 41% currently with a view to increasing its consumption of renewable energies to 52% of the global total by 2030, said head of Morocco’s water and electricity utility Abderrahim El Hafidi. Speaking […]
Egypt’s Nuclear and Radiation Control Authority (ENRRA) has granted permission to Russia’s Rosatom State Atomic Energy Corporation for the construction of the El-Dabaa Nuclear Power Plant’s 3rd unit with a capacity of 1,200 megawatts, ENRRA said in a statement. The authority last Wednesday approved the permission to establish the third unit at the Hyena Station. […]
Mytilineos, a Greece-based industrial conglomerate whose business units are active in the sectors of metallurgy and energy, is planning to inject investment in Egypt in the areas of construction of solar power plants, storage batteries, new and renewable energy, oil, natural gas, infrastructure and sustainable engineering solutions, Egypt’s General Authority for Investment and Free Zones […]
Chad has announced the nationalization of assets of a former subsidiary of US oil and gas giant ExxonMobil in Chad, which comes after the company divested from them in December 2022 A decree signed by Chad’s president, Mahamat Idriss Deby Itno, on Thursday (23 March) declared that all the assets, prospection rights, operating permits and […]
Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]