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Tag: gas
Sound Energy Starts Drilling Second Gas Well in Eastern Morocco
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 ... Read More
Sound Energy Confirms Gas Discovery in Eastern Morocco
Sound Energy has confirmed that it has made a significant gas discovery in Tendrara, North Eastern Morocco. Sound Energy, which is a member of London’s ... Read More
Engie to sell its gas exploration Unit in Algeria
French utility company, Engie SA, wants to sell its gas exploration units in Algeria as part of a larger plan to offer its assets in ... Read More
Dim Prospects for Algeria’s Gas Exports
Algeria’s gas production and export capacity is facing dim prospects with estimates the North African country to be a net gas importer of Liquefied Natural ... Read More
Libya: GNC comes up with Libyan-Libyan plan to end crisis
Tripoli-based General National Congress (GNC) Tuesday proposed its own Libyan-Libyan roadmap to end the political crisis in a counter move to the UN-supported plan which ... Read More
Egypt: IMF, ADB agree to release billions to support Egypt’s weak budget
The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in ... Read More
Algeria’s Trade Deficit Worsens to Over $ 10 billion
Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp ... Read More
Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns
Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central ... Read More
Algeria offers Russia open investment opportunities
According to a statement released by the Algerian Ministry of Oil, Algeria is willing to open the door to Russia in an invitation made to ... Read More
Libya Finds New Oil & Gas Fields
Libya has announced new oil and natural gas discovery in the Ghadames basin southwest of Tripoli, opening new prospects for the battered economy of the ... Read More