First Independent Mena Newspaper
The Islamic Development Bank (IsDB) has agreed to fund 50 pc of the Front-End Engineering Design (FEED) Study for the Nigeria-Morocco Gas Pipeline project expected to enhance African integration, regional trade, and economic cooperation. The funding agreement was signed remotely on Monday by IsDB Vice President Mansur Muhtar, Moroccan Economy & Finance minister Nadia Fettah, […]
Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]
Indian Samta energy group announced on Tuesday that it plans to invest more than $100 million in Morocco over the coming five years. “We are committed to investing more than $100 million over the next five years in the development of mining and mineral processing activities in Morocco,” said the Indian group in a statement. […]
Egypt is mulling plans to start manufacturing the country’s first bus powered by natural gas in 2022, Minister of Business Sector, Hisham Tawfik announced, according to Arab Finance. Some 70% of the local components of the buses will be manufactured to work with natural gas, Tawfik reportedly added. The busses will accommodate 14 to 50 […]
Spanish media is ranting at the government after a drop in the gas flow leaving households facing a wave of freezing cold without a proper heating system and casting doubt on Algeria’s promises. Spanish paper Okdiario reported that the guarantees of the Spanish Prime Minister regarding the steady flow of gas were too political and […]
Morocco’s National Office of Electricity and Drinking Water (ONEE) has teamed up with Atos and Siemens on smart management of power grid (smart grid), which uses IT to monitor power generation and demand in near real-time, providing more reliable and cost-effective system. This project is part of the country’s digital transformation agenda. It will enable […]
Morocco’s state-owned power Company ONEE (Office National de l’Electricite et de l’Eau potable) has signed a ten-year gas supply agreement with UK-based Sound Energy Company, ensuring continuous supply for two of its power stations in the Northern region. The deal enables the North African Kingdom to secure its energy sovereignty and security, while countering the […]
Spanish energy and petrochemical company Repsol indicated that it would resume activities in Libya if only the oil-rich country returns to stability, Libya Observer reports. José Carlos Bravo, the Regional Executive Director of the company, told the Energy Capitol & Power website that the Spanish energy giant still believes in the oil-rich African country. For […]
The European People’s Party (EPP), one of the largest political groups in the European Parliament, has expressed deep concern over Algeria’s unilateral decision of stopping to supply Europe with gas through the Maghreb Europe gas pipeline (GME) that crosses Morocco. Algiers, which has cut off diplomatic ties with Rabat, stopped on Nov.1st supplying Spain and […]
The British oil and gas exploration company operating in North Africa has announced the start of the second phase of its drilling campaign in Morocco, involving two wells located in the Gharb region. The results will be known next December. In a press release released on Friday, Nov.19, the London-based company explains that this […]