First Independent Mena Newspaper
Egypt has given five new gold exploration contracts worth $13 million to three mining companies in the back of 11 others. The contracts, Arab Finance reports citing a cabinet statement, include a $9 million (EGP 141.49 million) agreement with Canada’s Lotus Gold to explore 11 blocks; a $3 million (EGP 47.16 million) deal with Mining […]
Tunisia and Libya have discussed ways to strengthen cooperation between the two countries in the oil sector. Assaad Ajili, Tunisian envoy to Libya met with Mustafa Sanalla, head of the Libyan National Oil Corporation (NOC) in Tripoli, NOC said in a statement. The statement said the two men discussed ways of endorsing bilateral cooperation between […]
The Moroccan National Center for Energy, Nuclear Science and Technology (CNESTEN) and the Hungarian Energy Research Center have signed on Tuesday an agreement providing for strengthening cooperation between the two centers in the field of nuclear energy. The agreement translates the interest given by the two institutions to scientific and technical cooperation and their shared […]
Spanish InCom company, a multinational group dedicated to the engineering, design and manufacture of composite kits for the wind blade industry, has taken a new step in its international expansion with the opening of its first factory on the African continent, more precisely in the Northern Moroccan city of Tangier. The plant, which started […]
The Moroccan National Office for Electricity and Drinking Water (ONEE) announced on Wednesday the completion of the construction of a 210 MW wind farm in Midelt. The construction of the new wind farm required an investment of 2.5 billion dirhams ($284,000,000) and was completed over a 24-month period, ONEE said in a release. […]
Morocco has given a go-ahead to a 270 MW wind farm in Jbel lahdid near Essaouira for a total cost of 2.8 billion dirhams ($314 million) as part of its plan to promote green energy. To that end a deal was signed between Moroccan energy company Nareva Holding and Italian renewable energy corporation Enel Green […]
The UK Chariot Oil & Gas company has secured a new offshore exploration license in Northern Morocco. The formal award of the “Rissana” license is expected in 2021, says the oil company. Under terms of the agreement reached, 75pc interest and operatorship of the Rissana licence will be awarded to a wholly owned subsidiary of […]
The Economic Community of West African States (ECOWAS) has endorsed the Moroccan-Nigerian off-shore on-shore gas pipeline that will benefit 13 African countries instead of the Algerian ink on paper proposal of a tans-Saharan pipeline. A meeting was held in Burkina Faso on December 9-10 in the capital Ouagadougou by the ECOWAS’ energy ministers in a […]
Morocco said it targets a reduction of 20% in its energy consumption by 2030 in tandem with a plan to generate 52% of its electricity needs from renewables, Energy Minister Aziz Rabbah said. Morocco has launched an energy transition process in 2009 to develop renewable energies and energy efficiency while strengthening regional energy integration, said […]
An Italian company operating in Algeria is currently victim of blackmail from some corrupt individuals of the North African country’s energy giant Sonatrach after landing a major energy contract, Algérie Part reports. Maire Tecnimont, an engineering and consultancy company present in Algeria for several years, last month won a tender launched by Sonatrach for the […]