According to a report entitled ‘Mergers and Acquisitions in the Oil and Gas Industry: Current Upstream M&A Issues and Transaction Considerations’ released by Deloitee, Libya will be the centre of attraction for companies willing to invest in North Africa’s energy and petroleum sector. Libya has been boosting its energy efforts and it has surpassed 3 [...]
The National Industrial and Mining Company (SNIM) recently launched important development projects at Zouerate with an outstanding budget of 12 billion ouguiyas. Among the multiple projects are water treatment facilities for the town. A 3 mega watt solar capacity installment just got started in order to diversify the town’s energy provisions and encourage the use [...]
A 15-megawatt solar power project capable of ensuring 10% of the country’s electricity demand has been announced in Nouakchott by the government and Masdar, an energy company in UAE. It is the first of its kind in Mauritania. The project will provide an annual demand growth in the country, estimated to be at a rate [...]
Morocco has received a loan from the African Development Bank to be invested in its renewable energy programs. The 800 million dollar loan will allow the country to develop a Concentrated Solar Power (CSP) plant located in the southern town of Ouarzazate and its Integrated Wind/Hydro and Rural Electrification Program according to a statement released [...]
A press release by the CYGAM Energy Inc. has manifested the company’s pleasure in providing the initial flow rates on the TT-16 horizontal well in the BBT Concession in Tunisia. CYGAM is a publicly traded exploration company listed on the TSX Venture Exchange in Canada which owns a 14 percent working interest through a wholly [...]
The Jordanian government will receive a $ 2 billion financial assistance from the International Monetary Fund (IMF) to enable the Hashemite Kingdom carry out its ambitious political & socioeconomique reform program in a tumultuous middle east. This lifeline loan, which has been approved in principle by the IMF staff, still needs the endorsement of the [...]
France will extend Kenya a 78.5 million euro loan to help the African country upgrade its power transmission lines and eliminate blackouts. The concessional loan will be used to co-finance the 146.7 million Euro Nairobi Ring Transmission Project meant to stabilize electricity supply in the country and enhance efforts to distribute electricity to the urban [...]
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