First Independent Mena Newspaper
The Libyan ministry of Oil and Gas Monday said the decision to dismiss the Chairman of the National Oil Corporation (NOC) Mustafa Sanallah is still in effect and pending legal measures despite attempt by Prime Minister Abdul Hamid Dbeibah Sunday to dissipate feud between Mohamed Oun and the NOC boss. The ministry, Libya Observer reports, […]
Libya’s oil production has dwindled from one million and 300.000 barrels per day (bpd) to one million and 260.000 due to leaks in pipelines, the suspended chairman of the National Oil Corporation Mustafa Sanallah has revealed. The oil-rich African country lost 600 million dollars in lost selling opportunities due to lack of maintenance and huge […]
Côte d’Ivoire announced in an official statement the discovery of oil in the sedimentary basin of the country, estimated at around 1.5 to 2 billion barrels of oil. gross by the Italian firm Eni and the Ivorian national company Petroci Holding. Ivorian Minister of Mines, Petroleum and Energy Thomas Camara indicates in the statement that […]
Algeria’s decision to cut gas supplies to Morocco, Spain and Portugal through the Maghreb-Europe pipeline came to no surprise in view of the counter-intuitive and self-harming decisions taken by the Algerian military rulers in recent years. The decision was announced by Algeria’s official news agency two days after Algiers unilaterally cut diplomatic ties with Rabat […]
UK Sound Energy Company announced Tuesday the completion of its acquisition of Schlumberger Silk Route Services Limited (SSRS), which holds a 27.5% participating interest in the Anoual and Greater Tendrara exploration permits in Eastern Morocco. Thanks to this transaction, Sound Energy will control operated working interests of 75% in the exploration permits and in the […]
Libya’s Minister of Oil and Gas, Mohamed Aoun, suspended the Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, from work pending an investigation of the violations attributed to him, reports say. Aoun has dismissed Sanallah for breaking a government rule that all leading government employees must seek permission before travelling abroad. The minister also […]
Algeria announced that it will abandon a gas pipeline that supplied Spain via Morocco in a hostile act that followed the severance of diplomatic ties with Rabat. Moroccan officials rely on the pipeline to power two electricity plants in the north, but the decision would do little damage as the Kingdom foresaw the move. […]
Morocco presses ahead with its clear energy diversification plan with an ambitious hydrogen project that aims to produce locally 4% of global supply. In a note published by the government, hydrogen will be used in Morocco’s plan to increase the share of renewable energy in overall energy consumption. Morocco has set the target of producing […]
Morocco expects its demand on natural gas to spike to 3 billion cubic meters by 2040, the energy ministry said in a document that spells out the broadline for a strategy to secure gas supply. The document outlines Morocco’s ambition to raise the share of natural gas in powering the industrial sector as Morocco presses […]
The Moroccan government has outlined its plan for the development of natural gas over the next three decades to support its strategy seeking to diversify energy mix, bolster the use of renewable energy and reduce greenhouse emissions. To unleash the Kingdom’s green energy capacities, a legal framework will be set up for natural gas imports, […]