First Independent Mena Newspaper
In light of the largescale projects to diversify its energy sources and reduce dependence on foreign suppliers, Morocco was branded as the Maghreb’s “energy revolution leader” in an analysis recently published on About Oil website, an international news platform specializing in energy issues. “Morocco is leading the energy revolution in the Maghreb,” said About Oil […]
After making a significant gas discovery in Tendrara, North Eastern Morocco, Sound Energy has pressed on with its second well in the license area. Lying only 1.6 kilometers away from its first TE-6 gas well in Tendrara, Sound Energy announced that works have started on the second TE-7 well with aim of prospecting gas volumes, […]
The plummeting oil prices propelled Algeria in an economic crisis marked by a sharp decrease in exports and a deepening budget deficit threatening to halt several mega projects in the country, chief among which is Algeria’s mega mosque. In 2011, when global oil prices were at their peak, works started to build the mosque overlooking […]
Qatar Petroleum has taken 30% participating interest from the share of Chevron Morocco Exploration Ltd in three deep-water offshore leases located 200 km to the North West of Agadir’s coast. This acquisition came following a deal signed last February and approved by the Moroccan government, said Telquel magazine. Under the agreement, Qatar Petroleum will acquire […]
Nominal Prime Minister Youssef Chahed Friday won endorsement vote from the parliament as lawmakers in great number voted in favour of his unity government expected to address economic challenges faced by the North Africa Post. Out of the 217 parliament s members, 167 approved Chahed’s unity cabinet made of Islamists, leftists, unionists and independents. Tunisia, […]
French Mecaplast, a plastic parts producer and supplier of French PSA Peugeot, announced Wednesday its entry into the Moroccan automobile industry with the launch of a factory near the city of Kenitra, some 40 Km to the north of capital city Rabat. The Monaco-based plastic giant will settle in Morocco near the future plant of […]
France, Germany, Italy, Spain, the United Kingdom and the United States have called on the Libyan parliament to endorse the new cabinet line-up within ten days. Libyan authorities sent a new list of the team of the unity government to the House of Representatives for approval. In a joint statement, NATO allies praised the move, […]
Egypt’s Minister of Supply in charge of the governmental food subsidy program has resigned amid growing public outrage over a wheat corruption scandal, triggered by false wheat procurement figures. Khaled Hanafi could not withstand public discontent over state funds embezzlement cases reported in his department. “Experience has proven that being in a position of authority […]
Libya’s nominal Prime Minister Faiez Serraj called, during a visit to US-Africa Command in Stuttgart, for more US military assistance to Libya beyond the cooperation in the fight against the Islamic State (IS) group in the city of Sirte, media reported on Thursday. The US, since August 1, has been supporting Libya’s UN-backed Government of […]
Following the operation launched by Moroccan authorities to clear the border area with Mauritania of all trafficking and illegal commercial activities, the Royal Armed Forces strengthened their level of vigilance in the southern provinces in light of intelligence reports warning of a potential attempt by the Polisario to smuggle an arms cargo into the Kingdom. […]