First Independent Mena Newspaper
As Europe seeks to wean itself of Russian gas, Algeria has emerged as a potential supplier, but experts consider the country lacking in spare capacity. Algeria is the third largest gas exporter to Europe with 8% of the market share. It has seen its domestic gas consumption rise exponentially leaving it with insignificant extra export […]
The four tanks of the ship Xelo, which sank off the Gulf of Gabes, do not contain fuel, unlike what was reported by crew members who said the ship was loaded with 750 tons of diesel, representative of the Navy, Colonel Major Mazri Latif was quoted by TAP as saying. The tanks of the ship […]
The UK’s XLCC is planning the setting up of a factory in Hunterston, Scotland, to manufacture the world’s largest subsea cable that will send clean energy from Morocco to the UK. Connecting the solar and wind plants in Morocco with Alverdiscott, North Devon, will start with a first phase in 2025-2027, Electric.co reported. The connection […]
Libya’s National Oil Company (NOC) announced on Monday the halt of operations at two major oil sites, the Zouetina terminal and the Al-Charara field, after several other facilities were shut down in connection with protests and political rivalries. The blockades come at a time when Libya, struggling to turn the page on the years of […]
Tunisia’s Environment Minister Leila Chikhaoui said Sunday the North African country will demand compensation for intervention operations after Xelo tanker sank in the Gulf of Gabes, with 750 tons of diesel fuel in its tanks. Xelo, navigating with Equatorial Guinea flag and hailing from the Egyptian port of Damietta to Malta, sank Saturday morning in […]
Morocco will enter the LNG market in the next upcoming days after it finalizes supply deals, as it seeks to bolster the share of natural gas in its energy mix, Energy Minister Leila Benali said. The Minister added that her department had talks with Portugal, France and Spain to activate the unused capacity in their […]
Morocco’s electricity utility ONEE said it expects the cost of buying energy to more than double to 47.7 billion dirhams this year, from 22 billion dirhams last year, because of a surge in prices of fuel and coal in the international market. Speaking to MPs, head of ONEE said that this surge was not reflected […]
Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]
Morocco’s stockpiles of diesel and cooking gas dropped to 26 days only, far below the 60 days required by law, energy minister Leila Benali said. Speaking to members of Parliament, energy minister Benali pointed to the difficult context marked by the impact of the war in Ukraine on commodities prices, including oil. Morocco consumed 11.2 […]
Italy’s ambassador to Libya Giuseppe Buccino indicated Tuesday that it is impossible to hold elections in the oil-rich African country whose running is being claimed by two rival administrations. Baccino made the remark during a round table organized by the Luiss University in Rome, Libya Update reports. “The situation on the ground is complex,” the […]