First Independent Mena Newspaper
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 […]
Director General of the Moroccan National Office of Electricity and Drinking Water (ONEE), Abderrahim El Hafidi, will chair the Board of Directors of the Global Sustainable Electricity Partnership (GSEP) in 2021. “By assuming the role of President of this alliance, the Director General of ONEE will be called upon to promote exchanges of thoughts and […]
Morocco’s Noor Ouarzazate solar complex, one of the largest solar parks in the world, is playing a key role in Africa’s energy transition, the African Development Bank (AfDB) says in a report posted on its website. Such projects, which aim to provide Africa with energy while preserving the environment, help lay the foundations for more […]
Morocco has granted to the oil company Conocophillips-Morocco Ventures Ltd, a subsidiary of American energy corporation, a two-year permit to carry out onshore exploration works and studies in “Mesorif” area located in the north of the country. The reconnaissance contract was signed lately via videoconference by Amina Benkhadra, General Manager of hydrocarbons Office, and Melissa […]
Morocco looks forward to deploying the cost competitive green hydrogen in its energy mix with the help of Germany. A cooperation agreement was inked Wednesday in Berlin in this regard by Moroccan ambassador to Germany Zohour Alaoui and German Development minister Gerd Müller. Under the agreement, Germany pledges to share its know-how with Morocco […]
Libya’s state National Oil Corporation (NOC) confirmed Sunday the resumption of production at its Sharara oil field, south of the country, while production is still blocked since January at Libya’s main eastern oilfields under the control of Khalifa Hafter’s forces. NOC said that production restarted after lengthy negotiations to reopen the Hamada valve, which had […]