Oman-Iran: North-South corridor project gas pipeline
The much awaited natural gas pipeline construction between Oman and Iran will be completed in 2015. Negotiations over the 60billion deal took a decade for […]
Business
Algeria discovers “extremely promising” gas reserves
Energy Minister Youcef Yousfi has denied claims that Algeria will be forced to forgo the exportation of natural gas due to the unsymmetrical balance between […]
Libya gives Malta preferential oil rates
Libya and Malta have taken an important step in reviving their relations through a Memorandum of Understanding designed to give Malta preferential rates for oil […]
Total petroleum group is emerging as an Egyptian heavyweight
French oil major, Total, has established its largest marketing and services unit in Egypt after acquiring the assets of Chevron Corporation. The deal also included […]
Libya: Drafted law limits foreign ownership at 49%
Libya’s newly drafted law aimed at regulating the actions of foreign companies has received international criticisms as it awaits the approval of the parliament. International […]
Tunisia: Among Africa’s economic super power in 2038
According to Wikistrat, a geopolitical consulting firm, Tunisia has been considered as a natural global candidate among other economies and is supposedly expected to lead […]
BP and Statoil frustrates Algerian government
British Petroleum (BP) and Statoil are at loggerheads with the Algerian government over security issues. Algiers fears that its oil and gas production capacity will […]
Egypt: Sawiris brothers ready for record breaking investment
The Sawiris brothers, one of Egypt’s richest families, have decided to increase their investment to an unprecedented level following the ousting of Morsi by the […]
Nigeria and China in strategic partnership
In his four-day visit to the People’s Republic of China, the Nigerian President Goodluck Janathan has signed a low interest loan deal of $1.1 billion […]
Tunisia and Iran revive port and maritime cooperation
Iran and Tunisia have decided to increase their cooperation, with regards to their maritime affairs, with the signing of several documents, at the end of […]