Soantrach, the national hydrocarbon company of Algeria has made an announcement of the discovery of crude oil in the basin of Berkine in partnership with two foreign companies namely PTT Exploration and Production Public Company Limited (PTTEP) of Thailand, a Thai state upstream company and China National Offshore Oil Corporation (CNOOC) of the People’s Republic [...]
Ever since Ethiopia decided to invest almost $12 billion to exploit energy that can be provided by the Nile River which crosses the country by building a series of dams, Egypt has had concerns. It feared that the dams will diminish the Nile’s flow; therefore, it has gone in pressuring International lenders as well as [...]
Two oil discoveries have been made by Sonatrach (in cooperation with two Asian companies; China National Offshore Oil Corporation limited (CNOOC) and Thailand public oil company PTTEP The discovery was made in the Berkine basin located in the southern part of the country. The discovery was made following drilling of the exploration wells of Bou [...]
Iran has confirmed the presence of its ”military advisors” in Syria and neighboring Lebanon. It is really a scary thing because these aides, who are providing assistance to Assad regime and to Lebanese militant Shiite group of Hezbollah, are not ordinary consultants. They are members of Al Quds forces, an elite unit of the Iranian [...]
The significance of the Algerian market has pushed the Novo Nordisk Region International Operation to choose the country among several others as a place to develop the fabrication of insulin officials of the company said. According to the Senior Vice president of Novo Nordisk Region International Operation, Jesper Hoiland, their decision to choose Algeria will [...]
World leaders have praised Sudan and South Sudan for the sacrifices they have made to conclude an agreement over the transportation of oil that both countries need badly because of their heavy reliance on oil revenues. However, they have deplored their failure to resolve lingering border conflicts and a solution to the Abyei region. UN [...]
The Arab League has decided to take its dealings concerning the Syrian crisis to the General Assembly of the United Nations. These revelations were made by the envoy of the Kingdom of Saudi Arabia to the UN as he said that the oppression of the Syrian citizens must come to an end because according to [...]
China announced on Wednesday that it would offer Africa new loans worth $20 billion over the next three years to support infrastructure, the manufacturing industry and the development of small businesses in the continent. The announcement was made by President Hu Jintao at the opening of the 5th ministerial meeting of the Forum on China-Africa [...]
Kenya has cancelled an agreement it signed end of May with Iran under which it was to import Iranian crude oil to cover all its needs. Kenya announced the deal cancellation to vent the sanctions the United States and the European Union have threatened to impose on countries importing crude oil from Iran and on [...]
Ethiopia will extend its railway network by the construction of 5,000 km of railway lines by 2020. To this end, Ethiopia struck deals with a Chinese and a Turkish company to construct the $3.2 billion dollar railway network, out of which a 1,808km long section is expected to be completed by 2015. With this huge [...]
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