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Oman committed to reverse Climate change

A team of 40 scientists are engaged in the Oman Drilling project with hope of reversing the dilemma of the climate change that the world is concerned about as it is said to be on the increase. The $3.5 million project in the Wadi Mansah valley led by Peter Kelemen, a geochemist, is geared towards […]

April 14th, 2017 | Posted in Energy,Headlines | Read More »

Gas Imports: We are “interdependent”, EU tells Algeria

Algeria’s energy minister, Nourredine Boutarfa, met with European Union’s Climate and Energy Commissioner Miguel Arias Canete in Brussels to discuss energy matters with the latter assuring that Europe “will remain the main customer for Algeria” even though most long-term gas accords are ending between 2018 and 2019. Canete highlighted the advantages for Europe to continue […]

April 12th, 2017 | Posted in Energy,Headlines | Read More »

Algeria: Sonatrach and Total sign comprehensive agreement, disputes outstanding

Sonatrach and Total are seemingly trying to surpass their disputes with the signing of a comprehensive agreement to strengthen their partnership. Total noted that the agreement would help to settle “outstanding differences” amicably with the state-owned Algerian company. In earlier disputes between the companies, Total had sought arbitration against Algeria for changing profit-sharing terms on […]

April 11th, 2017 | Posted in Energy | Read More »

Israel, three European countries agree to build World’s longest undersea gas pipeline

Israel, Italy, Greece and Cyprus have agreed to build the longest undersea gas pipeline in the world worth around $6.2 billion. The pipeline is expected to be completed in 2025 and feasibility studies have already been completed. The project is expected to help Europe diversify its gas supply and reduce its dependency on Russia, especially […]

April 3rd, 2017 | Posted in Energy,Headlines,World News | Read More »

Final Stage of World Largest Solar Energy Plant Launched in Morocco

King Mohammed VI has launched on Saturday the final stage of the Noor Ouarzazate solar power complex, which will become the world’s largest when completed in 2018. The new project, Noor Ouarzazate IV, has a capacity of 72 MW and requires an investment worth over 750 million dirhams. It uses photovoltaic technology, which makes it […]

April 2nd, 2017 | Posted in Energy,Headlines | Read More »

Morocco elected Vice-President of UN conference on nuclear arms ban

Morocco has been elected Vice-President of the UN conference on restrictions on nuclear arms, taking place in the UN headquarters in New York. The North African country represents the African continent alongside South Africa. The kingdom’s permanent envoy at the UN, Omar Hilale will sit on the conference committee throughout the negotiations, Elayne Whyte Gomez […]

March 31st, 2017 | Posted in Energy,Headlines | Read More »

Libya: PC takes over management of Libya’s oil wealth, NOC relegated

The Presidency Council (PC) established under the Libya Political Agreement has issued a decree watering down the influence of the state-owned National Oil Corporation (NOC) over the country’s oil wealth. The decree uplifted the PC to the level of manager of the country’s oil resources, making it responsible for the supervision and exploitation of the […]

March 27th, 2017 | Posted in Energy,Headlines | Read More »

Algeria still facing “important challenges”, IMF team

A team from the International Monetary Fund (IMF) led by Jean-Francois Dauphin which had consultations with the Algerian authorities warned that the North African country “continues to face important challenges posed by lower oil prices.” The statement released by the team noted that despite Algiers’ heavy dependence on hydrocarbon revenue, its foreign reserves are “still […]

March 21st, 2017 | Posted in Energy | Read More »

Libya: Western ambassadors urge for restraint as outright battle nears

The ambassadors of the U.S., UK and France to Libya have called on the warring parties in the country to hand over the revenues of the oil ports under their control to the National Oil Corporation (NOC) based in Tripoli. They urged them to recognize the authority of the NOC despite the ongoing clashes, which […]

March 8th, 2017 | Posted in Energy,Headlines | Read More »

Libya: Oil crescent to become a fierce battle ground, LNA spokesperson

The Libyan National Army (LNA) loyal to the Tobruk-based House of Representatives (HoR) has vowed that it will retake control over the oil ports of Sider and Ras Lanuf after it lost them to the Benghazi Defense Brigades (BDB) in a defiant message issued through its spokesman Ahmed Mismari. “There is a very large air […]

March 7th, 2017 | Posted in Energy,Headlines | Read More »

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