Opinion
Climbing sand: Russia’s faltering advance in Africa’s Sahel
For years, Russia has sought to establish itself as a power broker in Africa, using the Sahel as a showcase
1 min read
UK gas company Sound Energy PLC has sold its subsidiary Sound Energy Morocco East Limited to Morocco’s largest mining company Managem, the two companies announced Friday according to Reuters.
Sound Energy said the deal,worth just over $45 million dollars, will advance development of the Tendrara gas field in eastern Morocco. Next year the field is expected to start annual production at 100 million cubic meters, Managem said in a statement. The company plans to eventually boost production to 280 million cubic meters and connect the field to an existing gas pipeline between Morocco and Spain.
Under the deal, Sound Energy will continue to hold a 20% interest in the Tendrara Production concession.
Morocco currently imports most of its annual gas needs- estimated at 1 billion cubic meters (bcm). This is predicted to grow to 8 bcm as the kingdom seeks to reduce its carbon footprint, according to the country’s energy ministry.
Read next
Libya
Report: Russia attempting to use Libya to exert control over Europe’s energy supplies
Russia is strengthening ties with eastern Libyan warlord General Haftar to disrupt European energy supplies and expand its influence in
Morocco
Morocco, Spain break up ISIS-affiliated terror unit across two continents
Moroccan and Spanish security services have dismantled a ISIS affiliated terrorist cell in the Sahel. The operation, carried out by
Morocco
Morocco’s FM holds Talks with UNHRC Chief
Morocco’s Minister of Foreign Affairs, Nasser Bourita, met with the United Nations High Commissioner for Human Rights, Volker Türk,
Algeria
Algeria Launches $7 Billion Phosphate Megaproject
Algeria has unveiled the $7 billion Bled El Habda integrated phosphate megaproject in Tebessa province, marking a major milestone in