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Keywords: Energy sector
Egypt has announced plans to settle $1.3 billion in arrears owed to international oil companies by June, accelerating its previous repayment schedule. The move is aimed at restoring investor confidence and boosting domestic energy production. Egypt had accumulated around $6.1 billion in unpaid balances......
Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......
President Donald Trump announced this week that American oil companies could begin operations in Venezuela within 18 months, as his administration ramps up initiatives to revive the South American nation's battered petroleum industry following the arrest of President Nicolás Maduro over the......
The Trump administration eyes control over Venezuela's vast energy and mineral wealth following the dramatic capture of President Nicolás Maduro. Officials highlight the country's oil reserves and critical minerals as key assets, even as major U.S. oil firms deny consultations on the operation. Commerce......
Ukrainian President Volodymyr Zelensky has announced plans to reorganize key positions within his government as the country continues to face the challenges of war. The proposed changes include replacing the current defense minister and assigning him a new role in the energy sector, a move that still......
Morocco remains one of Africa’s most attractive investment destinations, according to the Where to Invest in Africa 2025/26 report released by South Africa’s Rand Merchant Bank (RMB) on Monday. The North African nation secured a spot in the continent’s top five economies for investors,......
Moroccan manufacturing companies anticipate an increase in production for the third quarter of 2025, according to the High Commission for Planning (HCP). This expected growth is mainly attributed to higher activity in the food industry, chemical industry, and the manufacture of other non-metallic mineral......
Beacon Power Services (BPS), a Nigeria-founded technology company specializing in grid management solutions, has announced its plans to enter Morocco’s evolving energy market. The announcement was made during the Africa Energy Forum, held from June 17–20 in Cape Town, South Africa. Morocco’s......
Morocco has emerged as Spain's largest natural gas customer, overtaking France, according to recent figures released by the Corporation of Strategic Reserves of Petroleum Products (Cores). Data highlighted by The Objective reveals that Morocco imported a staggering 9,703 gigawatt hours of natural......