London based company Energean has finalized a deal with Chariot Energy to acquire a stake and take over operations of the Anchois gas discovery, Morocco’s only offshore commercial hydrocarbon discovery. The deal involves Energean paying $10 million to Chariot and is dependent on the partners needing to drill and test a critical appraisal well. The next stage will involve UK drilling experts Stena Forth for a vital drill stem test on the main gas-bearing reservoirs and target undrilled prospective areas, with the hope of boosting the discovery’s reserves to about 1 trillion cubic feet.
Egypt is in advanced negotiations with South Korea to buy up to 100 FA-50 light attack aircraft, Egyptian Ambassador to
The MASI index, representing all listed shares on a free-float capitalization basis, continued its robust performance in the first quarter
Tunisia's Central Bank reduced its key interest rate by 50 basis points to 7.5% on Friday, aiming
Diplomats in Libya have accused the Internal Security Agency (ISA) of forcing international NGOs to halt operations, AFP reported Wednesday.
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