First Independent Mena Newspaper
The failure of major oil exporting countries to reach an agreement about a 10 million bpd reduction was received in Algeria as an omen that would further aggravate state finances as it struggles to maintain a social peace based on lavish spending. Algeria saw its reserves shrink from $179 billion in 2014 to less than […]
The Middle Eastern and North Africa (MENA) countries will invest 755 billion dollars in energy projects in the next five coming years despite the falling oil prices, according to an economic study released on the 4th February 2015. Approximately 42% of these investments of USD 316 billion will be spent in power generation, 31% from […]