First Independent Mena Newspaper
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]
The Southern African Development Community (SADC) will hold an emergency meeting on Thursday in Addis Ababa to discuss Democratic Republic of Congo’s presidential election, that the runner-up says was rigged. The regional bloc, which includes old Kabila allies Angola and South Africa, recommended a government of national unity including parties representing Kabila, Fayulu and Tshisekedi […]
Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields. The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]