First Independent Mena Newspaper
The sinking oil and gas revenues of Algeria no longer make it an “oil country” on par with Libya or Gulf countries, wrote financial news agency Bloomberg. Bloomberg, citing a number of Algerian experts and former officials warning of the dwindling export capacity of the country, stated that in ten years Algeria will be incapable […]
The European Bank for Reconstruction and Development (EBRD) is providing a €300 million financing package to Société Tunisienne de l’Electricité et du Gaz (STEG) to support the stability of Tunisia’s energy sector during the coronavirus pandemic in the medium term. This program will allow Tunisia’s state-owned national electricity and gas utility company to implement an […]
Morocco and Portugal on Tuesday signed in Rabat an agreement on cooperation in the field of green hydrogen development. The agreement seeks to strengthen the ties of friendship between the two countries, to boost bilateral cooperation and to align the priorities of green hydrogen in Morocco and Portugal with the related decarbonization strategies of the […]
Moroccan Electricity and Drinking Water Office (ONEE) invested last year more than $791 million, including $390 million injected in electricity projects and $401 million spent on water programs. These figures have been unveiled by ONEE Director General Abderrahim El Hafidi during a meeting of the Board of Directors of the Office, held lately under the […]
King Mohammed VI and President Muhammadu Buhari of Nigeria have expressed their shared determination to carry out, as soon as possible, the strategic projects between the two countries, particularly the Nigeria-Morocco Gas Pipeline and the creation of a fertilizer production plant in Nigeria. This came during a phone talk that King Mohammed VI had this […]
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. […]