North Africa’s Economy
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)...
Libya: Pro-Haftar militia shuts down pipelines leading to export terminals
UPDATE: Gunmen known for their support to Khalifa Haftar closed on Sunday morning halted the flow of crude oil by shutting down the pipelines that reach the Zawiya port. The closure came after tribes loyal to Haftar threatened to do so, in protest against the Turkish...
Podcast: Algeria risk assessment: the intersection of business and political corruption
In this episode, Arezki Daoud of risk assessment firm MEA Risk LLC and editor of the North Africa Journal, looks at the intersection of business corruption and political corruption in Algeria. Listen on major podcast platforms: Spotify | TuneIn | iTunes | Android |...
EgyptAir suspends service to Baghdad
Cairo, Jan 7, 2020 - Egypt's flag carrier has suspended flights to the Iraqi capital for three days for security reasons, the civil aviation ministry said Tuesday. The suspension takes effect Wednesday and comes after the killing of Iranian commander General Qasem...
Algeria: New prime minister with academic credentials hired to perform miracles
Algiers, Dec 28, 2019 - Algeria's new president on Saturday named as his prime minister an academic turned political insider who vowed to work to win back people's trust after months of street protests. Abdelmadjid Tebboune, elected this month to succeed ousted...
Algeria: With its Algeria venture CEO in prison over alleged corruption, Volkswagen suspends production in Algeria
Carmaker Volkswagen has suspended production in Algeria, where the head of its local partner has been detained since June in a corruption probe, a spokesman for the German auto giant said. "Volkswagen is aware of a corruption investigation by Algerian authorities...
Libya: French oil company Total to buy Marathon Oil’s stake in Libya’s Waha oil concessions
Libya's National Oil Corporation said Tuesday it had agreed to let French oil giant Total buy US outfit Marathon Oil's 16.33-percent stake in the country's Waha oil concessions for $650 million (586 million euros). The NOC said in a statement it had approved the deal...