First Independent Mena Newspaper
Egypt will host the 8th edition of the Ministerial Gas Forum co-organized by the International Energy Forum (IEF) and the International Gas Union (IGU) in 2022, it was announced last week. The forum on natural gas, expected to take place during the second half of 2022, will focus on the global economic recovery after the […]
A 10.5 GW solar and wind power plant will be built in the Guelmim-Oued Noun region to supply the UK with clean energy via a 3,800 km long submarine cable, scheduled to be laid in 2025. The project, to be developed by the British company Xlinks, provides for the building of an energy complex with […]
Bank of Africa of Moroccan BMCE Group has received a €25 million funding provided by the European Bank for Reconstruction and Development (EBRD), with the support of the Green Climate Fund (GCF) and the European Union (EU) to bolster Morocco’s green economy. The announcement was made Friday by the EBRD which contributed €18.75 million, while […]
Morocco’s inventive policy for a modern, sustainable and reliable energy and its irreversible choices in terms of energy transition were highlighted at the High-level Dialogue on Energy held Friday by videoconference on the sidelines of the 76th Session of the United Nations General Assembly. Addressing the gathering, Foreign Minister Nasser Bourita pointed out that […]
Egypt and Saudi Arabia will sign soon multiple contracts for a 2 GW electricity transmission network that will connect the two countries’ grids. The project worth $1.6 billion will connect both countries’ grids with 900 kilometers of overhead transmission cables and pass across the sea bed, for 25 kilometers. Egypt will finance 40 per cent […]
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 […]