First Independent Mena Newspaper
The Union of Oil and Gas Workers rejected on Saturday transferring the country’s revenues of oil exports to the government of Abdul Hamid Dbeibeh, Libya Update reports. The union’s reaction came following the request made by Head of the Audit Bureau, Khaled Shakshak, inviting the National Oil Corporation (NOC) to transfer oil revenues to Dbeibeh’s […]
Libya’s oil and gas Minister Mohammed Aoun has criticized western proposals to create an international mechanism to manage the country’s oil revenues amid rivalries between the ousted government of Prime Minister Abdul Hamid Dbeibeh and incoming Premier Fathi Bashagha. Aoun, who is under Dbeibeh’s leadership, made the remarks in an interview with Asharq Al-Awsat newspaper. […]
Italian Ecology Transition Minister Roberto Cingolani has indicated that Rome will conclude its first deal to obtain more gas from Libya and other suppliers, to replace Russian flows in the coming weeks. “A series of talks are underway … in the next few weeks, we will close the first agreements,” Cingolani said in an online […]
The British company, Chariot Oil & Gas Chariot, has announced that the new natural gas reservoir discovered in the Anchois well off Larache is of excellent quality. The Africa focused transitional energy company said the tests carried out on these field wells revealed that methane gas would be present at more than 96% in the […]
Algeria has recalled its ambassador from Spain after Madrid voiced support for Morocco’s territorial integrity and for the autonomy plan. Algiers has also said it will reassess all deals signed with Spain in a diplomatic escalation that shows the extent to which Algeria is involved as a real party to the Sahara conflict that it […]
The European Bank for Reconstruction and Development (EBRD) launched this week in Casablanca the Green Economy Financing Facility Morocco II (GEFF II), a credit line facility of €163.5 million. Green Economy Finance Facility Morocco II (GEFF II) is a €163 million financing line set up by the European Bank for Reconstruction and Development (EBRD) with […]
The UK has imposed harsh economic and financial sanctions on Russia following the war with Ukraine. And as the British government is preparing to cut energy ties with Russia, Morocco can help UK avoid energy crisis thanks to its abundant resources, according to Daily Express. In a bid to ditch Russian energy, Britain has pledged […]
Norwegian company “Empower New Energy” has won a $2 million contract to equip four poultry plants of Zalar Holding with solar photovoltaic panels for the production of electricity. The project is developed in partnership with the experienced Moroccan renewable energy company – JET Energy. It is expected to generate 3800 MWh per year. This will […]
Morocco and the International Energy Agency (IEA) have signed a new cooperation program focusing on energy efficiency, energy security and climate resilience. Under the 2022-2023 program, signed in Paris by minister of Energy Transition & Sustainable Development Leila Benali and IEA Executive Director Fatih Birol, the agency pledges to support Morocco’s decarbonisation program, deployment of […]
The Moroccan government started distributing subsidies to professionals in the transport sector to help mitigate the impact of the surge in energy prices on the purchasing power of citizens, marking a U-turn in its subsidies policy. This aid will benefit 180,000 professionals in different transport sectors including taxis, trucks, buses, inter-city travel and tourist transport. […]