First Independent Mena Newspaper
In a “win-win” agreement, Gabon has entered into a commitment with Venezuela. The two countries want to further strengthen and consolidate their cooperation in the oil sector. One of the largest oil producers and exporters around the world, Gabon, aims to draw inspiration in this sector from the experience of Venezuela, to make better use […]
Algeria’s finances face dim prospects triggered by a sharp drop in its key source of revenue, gas exports, which are expected to drop from 45 billion cubic meters in 2020 to 26 billion in 2025. The figure was unveiled by energy minister Abdelmadjid Attar who was speaking to local media. He said the decline is […]
Lebanon has decided to diversify its oil suppliers from 2021 after main supplier, Algeria’s Sonatrach, was accused of providing the Middle East country with adulterated fuel. Lebanon Energy Minister Raymond Ghajar told Bloomberg that the Lebanese government has opted to multiply for the next coming three years its fuel suppliers. “We would prefer to have […]
The oil companies operating in the provinces of the former Katanga and the Kasai region have announced “that they will proceed from this Thursday, August 6, to the cessation of their activities of distribution and storage of petroleum products.” The announcement came in a press release from the Haut-Katanga section of the Congolese employers’ union, […]
Gibraltar is considering building an undersea power link with Morocco, which in recent years has been exporting electricity to the Iberian peninsula, according to Al Geciras al Minoto. Authorities in Gibraltar are looking to Morocco as a reliable energy supplier that is forging ahead steadily with a clean energy plan aiming to secure 52% of […]
Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]
Morocco, which has one of the largest solar parks in the world, is willing to share its expertise and know-how in renewable energy with Chad within the frame of a south-south and solidarity-based cooperation. The pledge was made lately by Moroccan Ambassador to N’Djamena, Abdellatif Erroja, during the launch ceremony of the “solar energy project […]
After months of deadlock, oil production activities have resumed in Libya, the National Oil Company announced on Friday. Oil production and exports had been at a standstill for six months in Libya because of the conflict that has been tearing the country apart. Vital for the economy, both activities are resuming with a first ship […]
The UK-based Sound Energy Company has announced advanced talks with unnamed Moroccan partner for the purchase of LNG to be produced from Tendrara concession, onshore Morocco. Under an agreement sealed lately by the two sides, Sound Energy pledges to produce and sell to the “Partner”, for ten years, 100 million standard cubic meters of gas […]
France’s energy giant Total has renewed for three years the purchase of liquefied natural gas (LNG) from Algeria’s energy company Sonatrach, Trade Arabia reports. Sonatrach will supply two million tons per year of Algerian LNG to the French market, primarily through the LNG terminal at Fos Cavaou. The deal, concluded in an extremely volatile market […]