Dana Gas has announced that it is planning to drill a gas well in partnership with BP Egypt from April, with results anticipated in October. According to the company, the effect of lower oil prices on the company is inconsequential, as 90% of its business is focused on the gas sector. “We are maintaining our production level in Egypt. We have concluded a gas production enhancement agreement...

After a mitigated 2014-2015 almonds season, with output at 95,000 tons (6% down from previous season), Morocco shows good signs for the current season. The country indeed expects a yield of 101,000 tons this year, agrimaroc.ma reports In case the expectations are met, it would imply that Morocco recorded good weather conditions in the production zones. The forecast happens as price of almond on...

In Nigeria, the union of oil workers has suspended the national protests which began on Wednesday, following government approval to restructure the Nigerian National Petroleum Corporation (NNPC). The National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have decided to cancel the strike after a meeting with the...

On March 2, 2016, Tunisie Telecom obtained the much coveted 4G licence. Seven days later, March 9, 2016, the firm’s Chief Executive Officer, Nizar Bouguila, talking during the Expresso show broadcasted on Express FM radio, said efforts would now be mustered to insure the effective implementation of the network so that the country benefits from quality services. To achieve this, the firm will...

Cape Verde State-own Company TACV Cabo Verde Airlines plans to cut down jobs by 25% in the framework of restructuring plan, Reuters reported on March 7, citing one of the firm’s officials. “Under restructuring which should end in December 2016, we will cut off 120 jobs, out of a total of 510,” said the Company’s Managing Director, Joao Pereira Silva. “Cutting jobs is a must if we want...

Technip Angola Engenharia Limitada, has been granted a three-year engineering services contract by Total E&P Angola. Technip Angola Engenharia Limitada is a joint venture between Technip and Sonangol. The contract involves the provision of services for the current Girassol, Pazflor, Dalia and CLOV floating production storage and offloading (FPSO) units located in Block 17, offshore Angola...

Sound Energy on Thursday announced that it has signed a binding agreement to acquire PetroMaroc’s 50% working interest and operatorship of the Sidi Moktar Licences in Morocco The Sidi Moktar Licences cover 2,700 km² in the Essaouira basin in central Morocco and holds the Kechoula gas find in the Lower Liassic, where two wells have been spud and a future extended well test is expected before...

Mozambique lost 11pct of total land plowed and sown during ongoing agricultural season. According to council of ministers who made the announcement, the loss is as a result of El Niño which worsened drought in the region. “From the analysis, it appears that there is still a possibility of production in the north and centre of the country, while in the south it is considered the campaign...

In Tunisia, many are those who wish to see the Al Jazeera office close. A request was filed to this end on March 7, 2016. Among those that demanded the exit of the media from Tunisia is Belgacem Ayari, member of the executive committee of Tunisian General Labor Union (UGTT). He asked Prime Minister Habib Essid, on Facebook, to “immediately close” the Qatari TV news office. There is also the...

Egyptian billionaire Naguib Sawiris announced on March 8, he plans to open a bank which focuses on funding small and medium enterprises (SMEs). The institution will be based in Luxemburg and it will cost $55 million. Sawiris told local and international press, at an economic forum held in Cairo that he already applied for an accreditation from Luxemburg authorities. He gave no further...