First Independent Mena Newspaper
Russian Novosibirsk Chemical Concentrates Plant (NCCP), an enterprise of ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed a 10-year contract for supply of low-enriched nuclear fuel components, such as uranium and aluminum items, for ETRR-2 research reactor. ETRR-2, a research reactor of Argentinian design, is based at the Nuclear Research Center […]
Several Katyusha landed near a US oil company in Iraq’s oil crescent of Basra province Monday according to the army. The army in a statement said at least three rockets hit an area near the company that it did not name. “The security forces found a rocket launcher and 11 missiles that were not fired […]
The African Development Bank (AfDB) Group has approved €12.46 million to support the Energy Transition and Institutional Support Program (ETISP) of São Tomé and Principe. The financing cover the major part of the program, which costs around €13 million. The rest of the funding will be supplemented by the government, according to AfDB. The project […]
The African Development Bank (AfDB) has granted a loan of €62.35 million to Côte d’Ivoire, the bank said in a statement. The funds are intended to finance the Project for the Strengthening of Electrical System Works and Access to Electricity (Proser). The AfDB grant will help finance the electrification of 1,388 rural localities in the […]
Algeria could be one of the countries whose economy could crash on the back of low oil prices as a result of the price war between Russia and Saudi Arabia. Saudi Arabia escalated its oil price war with Russia on Tuesday as its state-owned company pledged to supply a record 12.3 million barrels a day […]
British company SDX Energy announced commercial gas findings during a recent drilling operation in northern Morocco, describing the discovery as excellent news. In a press release, the company announced that it drilled the BMK-1 well to a measured depth of 1,551 meters and encountered commercial quantities of gas. “The Upper Guebbas was encountered […]
Swedish Azelio company has launched lately its renewable energy storage system at the Noor Ouarzazate solar complex (southern Morocco) within the frame of a technical and business development agreement sealed with Moroccan Agency for Sustainable Energy (Masen). A verification of the storage system will be initiated during the first quarter of 2020, with commercial installations […]
In Libya, losses from the shutdown of major oil fields and terminals had surpassed $2bn, the National Oil Corporation of the war-torn nation said. Production has dropped from 1.2 million barrels a day before January to about 120,000 this week, the corporation said in a statement. The standoff over Libya’s main source of income has […]
The financing agreements for the first projects to be selected under “INNO ESPAMAROC ENERGY,” were signed in Rabat this week to give substance to the initiative, launched in December 2018, by Morocco and Spain in a bid to strengthen co-innovation through promoting scientific and technological cooperation, and exchanging knowledge in renewable energies and green technologies. […]
The Egyptian Ministry of Petroleum & Mineral Resources signed a new agreement with the Egyptian Holding Company for Natural Gases “EGAS” and the German company Wintershall Dea to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta with a minimum investment of $43 million and $11 million grants […]