Chevron Close to Signing Natural Gas Exploration Deal With Algeria
Algeria’s state-owned energy firm Sonatrach expects to sign in the coming days an agreement with Chevron that is set to boost the country’s natural gas production, Algerian Energy Minister Mohamed Arkab has said. Algeria, the North African OPEC producer, is looking to raise its natural gas production and exports and will remain a key provider of gas to Europe, the minister said. Last week, the other U.S. supermajor, ExxonMobil, signed an agreement with the Algerian government for exploration at two natural gas fields in the North African country. Algeria holds huge conventional natural gas reserves, and it is also estimated to have the third–largest shale gas reserves in the world after China and Argentina. Most of Algeria’s gas exports are heading to Europe, which is increasingly betting on Africa to import large volumes of pipeline gas and LNG to replace pipeline gas supply from Russia, which was Europe’s top gas supplier before the Russian invasion of Ukraine.
Source:The North Africa Journal
May 30, 2024 13:46 UTC
TAG Oil Reports Fiscal Q1 2024 Results
VANCOUVER, BC, May 30, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to report the filing of its financial results for the interim period ending March 31, 2024. About TAG Oil Ltd.TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein. TAG Oil undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change. View original content to download multimedia:https://www.prnewswire.com/news-releases/tag-oil-reports-fiscal-q1-2024-results-302159215.htmlSOURCE TAG Oil Ltd.
Source:The North Africa Journal
May 30, 2024 13:22 UTC
South Africa's divisive Malema could be post-election kingmaker
The prospect of the ANC co-opting Malema and his Economic Freedom Fighters (EFF) to stay in power after Wednesday’s election strikes fear into investors and the white upper-middle class he rails against. The EFF’s promises to nationalise the country’s gold and platinum mines and seize land from white farmers are among proposals they fear threaten not just their privileges but also Africa’s most industrialised economy.
Source:The North Africa Journal
May 30, 2024 13:03 UTC
The evolutionary journey of North America's lone porcupine
In a remarkable breakthrough, a rare discovery in Florida has shed new light on the evolutionary timeline of North America’s solitary porcupine species. Evolutionary puzzle of North America’s porcupineFor years, the evolutionary history of North America’s lone porcupine has puzzled scientists. While Central and South America boast 16 porcupine species, North America has just one. Their journey to South America is marked as a significant event in mammalian history, occurring when the continents of Africa and South America were much closer together, possibly involving rafting across oceans. Ancient origins of North America’s porcupinesThe analysis of the Florida skeleton highlighted both similarities and differences with modern North American porcupines, suggesting a complex evolutionary history that predates the formation of the Isthmus of Panama.
Source:The North Africa Journal
May 30, 2024 12:57 UTC
Morocco to cut fiscal deficit to 3% in 2026, thanks to higher tax revenue – The North Africa Post
Morocco expects to further cut its fiscal deficit from 4% in 2024 to 3.5% in 2025 and 3% in 2026, despite an increase in spending on social protection, Fouzi Lekjaa said. Increased spending on social protection would be funded by an increase in government’s revenue, he said. In three years, the government, mainly through taxes, mobilized an additional 100 billion dirhams, he said, citing reforms of the corporate and value added taxes. The government spent 9 billion dirhams to help the electricity operator keep prices stable, he said. These reforms meant that Morocco would not resort to foreign debt to fund its social protection plan and that debt would decrease to less than 70% in 2026 from 72.2% in 2021, Lekjaa said.
Source:The North Africa Journal
May 30, 2024 12:10 UTC
South Africa elections results live: Count under way after contested poll
blinking-dot Live updates Live updates,South Africa elections results live: Count under way after contested pollBallot counting under way after South African’s watershed election that could spell the end of the ANC’s 30-year-old unchallenged majority.
Source:The North Africa Journal
May 30, 2024 11:48 UTC
North Korea drops balloons carrying trash in South
North Korea drops trash balloons on the SouthExcrement, rubbish and propaganda leaflets... the BBC's Shaimaa Khalil explains. North Korea has dropped at least 260 balloons carrying rubbish in the South, prompting authorities to warn its residents to stay indoors. North and South Korea have both used balloons in their propaganda campaigns since the Korean War in the 1950s. South Korea's military had earlier said it was investigating whether there were any North Korean propaganda leaflets in the balloons. Republic of Korea or ROK is the official name of South Korea while the North is called DPRK or the Democratic People's Republic of Korea.
Source:The North Africa Journal
May 30, 2024 11:28 UTC
North Korea fires volley of short-range ballistic missiles
South Korea and US condemn launch and urge Pyongyang to ‘refrain from further unlawful and destabilising acts’. North Korea has launched multiple short-range ballistic missiles, South Korea’s military said, as it continues to develop its military weaponry in breach of international sanctions. Leader Kim Jong Un has made developing more sophisticated weaponry and military equipment a cornerstone of his efforts to modernise North Korea’s armed forces. The United States, a close ally of South Korea, condemned the launch with the Indo-Pacific Command urging North Korea to “refrain from further unlawful and destabilising acts.”Pyongyang is banned from testing ballistic missiles under United Nations sanctions imposed over its nuclear programme. Such launches are also a violation of UN sanctions because they involve similar technology to ballistic missiles.
Source:The North Africa Journal
May 30, 2024 10:10 UTC
Pini goes to Africa
Africa holds some of the world's fastest growing economies, and we are eager to be a part of this development. Additionally, Pini Group has acquired operations giving us a presence in Egypt. The two new offices will be part of our Business Unit MENAA (Middle East, North Africa & Asia). Andrea GalliGroup CEO"This milestone gets us closer to the African market and supports our vision of Pini Group being a global community of talent. They will become the foundation of our presence in this continent and deliver global engineering projects."
Source:The North Africa Journal
May 30, 2024 08:31 UTC
Tunisia : EU commissioner Varhelyi expected at Tunisia business summit
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Source:The North Africa Journal
May 30, 2024 06:32 UTC
Oracle plans to open two cloud regions in Morocco
The projects are to be built in the capital Casablanca and the southern city of Settat, and would bring the number of Oracle's global cloud regions to 72, the Texas-based company said on Thursday. Including the latest announcements in Morocco, Oracle's Middle East and North Africa cloud regions have increased to eight. it currently has four live cloud regions in Mena, one each in Abu Dhabi, Dubai, Jeddah and Johannesburg, with two more planned in Riyadh and Saudi Arabia's coming high-tech city Neom. Global companies including Microsoft, Amazon, IBM and Alibaba Cloud have also all opened cloud and data centres in the region. Oracle's new cloud regions would also help position Morocco to accelerate the development of skills and growth opportunities, Ms Mezzour said.
Source:The North Africa Journal
May 30, 2024 06:19 UTC
Kenyan utilities e-commerce startup GoBEBA to expand into 4 more cities
“We distribute bulky, unpiped utilities like drinking water and cooking energy in African cities,” Ndiang’ui told Disrupt Africa. The average consumer in emerging markets cities replenishes their daily essentials at a rate of over 17 times per month. Currently operating from Nairobi, the startup intends to expand to four more Kenyan cities over the next two years, before moving into other East and Central African cities. Due to lack of piped infrastructure, the growing urban population is driving significant demand in unpiped utilities,” said Ndiang’ui. But the infrastructure to distribute the unpiped utilities is broken.
Source:The North Africa Journal
May 30, 2024 06:18 UTC
Migration splinters Italy ahead of European elections
The adoption of the EU’s pact on migration and asylum has left Italy's leaders and opposition parties so divided. ADVERTISEMENTGiorgia Meloni’s key challenge has been to curb illegal migration, since becoming Italy’s prime minister in 2022. However, delivering on the main promise of her political programme has been particularly difficult given the sharp increase in the number of arrivals from North Africa since the beginning of her mandate. As she launched her Brothers of Italy party's campaign before upcoming European elections, she took credit for changing Europe’s approach to migration. Official data for the first three months of 2024 shows the number of arrivals has decreased by more than half compared to the same period last year.
Source:The North Africa Journal
May 30, 2024 06:04 UTC
Ma Lei leads a team to investigate Egypt and Algeria, supporting the expansion of the African market
Deepen communication and accelerate cooperationOn May 17, Ma Lei and his delegation arrived in Egypt and held talks with His Excellency Mahmoud Essmat, Minister of State Enterprises of Egypt. At the meeting, Ma Lei gave a detailed introduction to the development history of Dongfeng Motor Group and its export business, focusing on the current diversified product line of Dongfeng Motor Group. His Excellency Mahmoud Essmat fully affirmed the development of Dongfeng Motor in Egypt and expressed high expectations for future cooperation between the two sides. The two sides also discussed in depth Dongfeng Motor’s plan to build an E70 KD plant in Egypt. This project will further enhance Dongfeng Motor’s localized production capacity in the Egyptian market and meet the local consumers’ demand for high-quality cars.
Source:The North Africa Journal
May 30, 2024 04:52 UTC
North America's 'deadliest' plant is back: What you need to know about poison hemlock
The nonnative poison hemlock, one of North America's deadliest plants, are in full bloom all across Greater Columbus. Poison hemlock (Conium maculatum L.) contains highly toxic piperidine alkaloid compounds that cause respiratory failure and death in mammals. Here's what you need to know about what these plants:What is poison hemlock? Poison hemlock is a flowering plant that belongs to the carrot family, Apiaceae and is native to Europe and North Africa. Poison hemlock can also be identified by the purple-colored spots on its main stem.
Source:The North Africa Journal
May 30, 2024 04:16 UTC