First Independent Mena Newspaper
South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy announced on Monday that they will jointly launch renewable energy projects in Morocco and other Arab countries signatories of the U.S. brokered Abraham Accords. According to Bloomberg, both companies will work with local partners to help them with their future projects focusing on […]
Libya’s state-run oil company, National Oil Corporation (NOC), plans to increase oil production to 2 million barrels per day as most of the country’s oil fields resume operations. Chairman of NOC, Farhat bin Qadara, said a medium-term plan will be outlined to achieve this goal, which will extend from three to five years and that […]
Iraq’s government has agreed to continue supplying Lebanon’s electricity company with heavy fuel oil for another year, Zawya reports. Najib Mikati, the Lebanese caretaker Prime Minister, Thursday, said he made the request to Iraqi Prime Minister Mustafa al-Kadhemi, who agreed to extend the agreement signed last year under the same terms. In July 2021, Baghdad […]
Nigeria’s liquified natural gas (LNG) facility at Bonny Island has seen production decline in recent months as a result of a shortage of natural gas supply due to rampant theft and sabotage of oil and gas pipelines. Also unplanned disruptions at LNG plants in the United States and Australia have wrong-footed traders, including BP and […]
Several European countries are increasingly turning to the African continent for gas supply as best alternative to the Russian gas as western countries look to reduce and end dependence on Moscow. Since the start of the Russia-Ukraine war in February this year, tensions built up between Russian President Vladimir Putin and European countries. The Russian […]
The European Union has reached out to the kingdom of Morocco to study possibilities to invest in the Morocco-Nigeria gas pipeline project that will connect up to Spain, in view of replacing Russia which is using its gas as political weapon. The move came after Nigerian President Muhammadu Buhari called on European Union countries and […]
Nigerian President Muhammadu Buhari, who doubles as oil minister, has granted consent to the acquisition of ExxonMobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. According to the statement published Monday, Buhari granted the consent in his capacity as minister of petroleum resources and, in consonance with the country’s drive […]
Morocco is set to reach its goals in renewable energy, meet its own demands and become a regional exporter of clean energy to North Africa and Europe, writes Forbes magazine in its latest edition. The North African Kingdom has a total installed generating capacity of about 11,000 MW, 4,030 MW of which is renewables. An […]
Rio Tinto Group’s subsidiary in Guinea has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government to develop a railway and port, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture for the Simandou is a milestone for Rio and WCS, whose […]