Energy

Niger closes gold mining site in Say department after terrorist attack

Nigerien authorities have shut down the gold mining site of Tamou in the department of Say in reaction to a string of attacks that targeted the site, anadolu news agency reports. Barmini Kaboyé, the Prefet of the department in a decree issued Thursday the site is shut down until further notice. The decree also indicated […]

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Gas bonanza may help Algeria gain time to delay catastrophe, but for how long?

Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]

Energy International

Nigeria: President calls for more investments in oil & gas

Nigeria’s President Muhammadu Buhari has urged local and foreign investors to inject money into the country’s oil and gas sector undergoing reforms, reports say. Speaking at the commissioning of Pinnacle Oil and Gas Limited’s Lekki Free Trade Zone Terminal in Lagos, the Nigerian President said that the operation of the new facility will lower the […]

Asia Business Energy Headlines International Morocco

India’s richest person to invest in a 10 GW project in Morocco

India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]

Energy Europe International

Mozambican gas soon in the European market

Mozambique expects to make its first export of liquefied natural gas (LNG) to Europe at the end of this month or early November from the Coral Sul floating platform, operated by Italy’s Eni. The information was given to Reuters by the National Petroleum Institute (INP) last week, at a time when Europe is facing a […]

Energy Headlines International

EU-Africa energy partnership in wake of Russia-Ukraine war

As the European Union restructures its plans for energy security in light of shifting geopolitical realities, high-level European and African energy stakeholders met during the Africa-Europe Roundtable in Cape Town to discuss the potential of Africa’s hydrocarbon and renewable resources to help attain global energy security. Addressing the role of the African continent in advancing […]

Business Egypt Energy Headlines Morocco

Cairo-based Hassan Allam Holding mulls plans to invest $150m in Morocco

Egypt’s leading engineering, construction and infrastructure company, Hassan Allam Holding, is considering investing up to $150 million in renewable energy and seawater desalination, in Morocco, the company’s CEO Amr Allam told Asharq Business in an interview. “If we entered a partnership in a renewable energy plant with a capacity between 50 and 100 megawatts (MWs), […]

Energy International

Egypt, PA, Israel agree to develop Gaza gas field

  Egypt, the Palestinian Authority (PA) and Israel have agreed to develop the Palestinian gas field off the coast of Gaza, Israeli Public Broadcaster Kan revealed Tuesday. The profits from the gas field will go back to the PA and Israel, with Egypt mediating between the parties in an effort to improve the financial situation […]

Energy Europe Headlines International Morocco

Morocco & EU seal green partnership to decarbonize their economies

Morocco and the European Union signed on Tuesday in Rabat a “Green Partnership” to counter climate change, advance their energy transition, protect the environment and boost the green economy. The agreement was inked by Foreign minister Nasser Bourita and European Commission Vice-President Frans Timmermans. This is the first Green Partnership the EU signs with a […]

Energy

Egypt eager to export natural gas to Lebanon

Egypt Monday announced its readiness to supply Lebanon with natural gas, once the procedures related to starting exporting Egyptian gas and receiving it in Lebanese territories were completed. Tariq Mullah, Minister of Oil and Minerals of Egypt made the announcement as he received Walid Fayad, the Lebanese Minister of Energy and Water. Mullah also indicated […]