First Independent Mena Newspaper
Algeria’s oil and gas exports dropped 41% to 14.6 billion dirhams in the first nine months this year, casting a shadow of deep uncertainty for a country that relies on hydrocarbons for more than 90% of its exports. Algeria’s energy minister Abdelmadjid Attar said that the drop was ascribed to low export volumes and low […]
Operations onshore Libya’s Sirte Basin were transferred by Wintershall Aktiengesellschaft (WIAG) to Sarir Oil Operations (SOO), a newly established joint operating company with the National Oil Corporation (NOC). The transfer concerns operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97), wintershall said in a press release. After the signing of two […]
Moroccan Authorities have granted Sound Energy, the Moroccan focused upstream gas company, a 24-month extension to the initial period of the Sidi Moktar Permits, onshore Morocco. The gas company announced the two-year extension in a press release, explaining the move was dictated by disruptions caused by Covid-19. “Due to further disruption caused by the impact […]
Morocco offers a model to follow in the region thanks to its sustainable policies to bolster energy transition and investments in renewable energies, the International Energy Agency said in a recent report. “Important lessons can also be drawn from Morocco, which alone accounted for three-quarters of the region’s renewable electricity production growth,” said the agency […]
Economists have long warned the Algerian regime of an impending Venezuelan scenario as the country put off reforms leaving the economy dependent since independence on oil and gas sales of its state-owned company Sonatrach. The company, which aspired to be among the top 5 global oil and gas companies globally in 2030, hit the cliff […]
The Moroccan energy model based on renewable energies and energy efficiency was at the center of a virtual regional conference on clean energy transition in North Africa, held earlier this week, by the International Atomic Energy Agency (IAEA), with the support of the Ministry of Energy, Mining and Environment. Secretary General of the Energy and […]
Libyan warlord Khalifa Haftar on Friday announced lifting the blockade on oil production and its export. Hours after the Libyan National Oil Corporation (NOC), in a statement, objected to “the politicization of the oil sector and its use as a bargaining chip for political gains,” Haftar announced in a televised speech the lifting of […]
British multinational oil and gas company, British Petroleum (BP) has announced the discovery of a new gas field in Egypt, in the Nile Delta. The new discovery is located at 16 meters water depth on a new formation-level near current Nidoco NW-1 exploratory well, in Abu Madi West concession, 4 km north from the Nooros […]
The construction works of the first phase of Taza wind farm (Northwest Morocco) have been launched by the consortium composed of Moroccan Agency for Sustainable Energy (MASEN), National Office of Electricity & Drinking Water (ONEE), EDF Renewables and Mitsui & Co. This project, to cost 1.5 billion DH, will employ over 500 people and will […]
Director of Morocco’s state owned utility company (ONEE), Abderrahim El Hafidi, acting chairman of the Arab Union of Electricity (AUE), chaired on Wednesday, a videoconference meeting of the board of directors of this Union which is gathering all Arab power companies. During this 53rd meeting held remotely due to Covid-19, the director of the “Office […]