North Africa’s Economy
Algeria faces economic turmoil and nothing that Tebboune is doing will fix anything
Demographic milestone: Egypt’s population exceeds 100 million
Business: Coronavirus likely to force more oil production cuts
Algiers, Feb 8, 2020 - A committee appointed by the OPEC club of oil-producing countries and its allies to study the effects of coronavirus recommended additional output cuts on Saturday, Algeria's energy minister said. "The coronavirus epidemic has had a negative...
Algeria: Sonatrach CEO Kamel Chikhi dismissed, company fails to stabilize
Mauritania: UAE targets Mauritania, sets foothold there with investment commitment
Egypt: Islamic State claims attack on pipeline in Sinai
Libya: Crude production collapses as warlord Haftar maintains blockade of oil sites
Tripoli, Jan 25, 2020 - Libya's oil production has plunged by around three-quarters since forces loyal to military strongman Khalifa Haftar launched a blockade a week ago, the National Oil Company announced Saturday. The fall, from 1.2 million barrels a day to just...
Political crisis took center-stage in Algeria’s 2019 security profile, says MEA Risk LLC
In a note addressed to its clients, advisory firm MEA Risk LLC said the apparent easing in political tension in Algeria is not evidence of a return to normal and the end of the anti-regime protest movement. The appointment of Tebboune as president after a massively...
Africa: Corruption in Nigeria’s oil sector
Lagos, Jan 21, 2020 - Nigeria's anti-graft agency said Tuesday it had filed corruption charges against a former justice minister over a $1.3 billion dollar oil scandal involving international majors Shell and Eni. Mohammed Adoke was arrested last month on arrival from...
Libya: Haftar under pressure to resume oil exports
Tripoli, Jan 21, 2020 - The United States called Tuesday for an immediate resumption of Libya's lifeline oil exports that have been blocked by forces loyal to military strongman Khalifa Haftar since last week. "The suspension of National Oil Corporation (NOC)...