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Keywords: Reserves


Major oil reserve discovery in Iraq: two billion barrels uncovered

Iraq has announced the discovery of over two billion barrels of oil reserves located to the east of Baghdad. The announcement was made by the country’s state-run Central Oil Company. This new find is part of Iraq's ongoing efforts to boost its oil production capacity. Earlier last year, Iraq......

Morocco’s desalination push boosts agricultural water reserves to 26%

Morocco’s agricultural dams currently hold 3.71 billion cubic meters of water, representing a 26% filling rate, according to Ahmed El Bouari, the country’s Minister of Agriculture. The update was provided during a recent parliamentary session, where El Bouari highlighted the government’s......

Pakistan's USD 2.8 Billion Gold Discovery Promises Economic Transformation

Pakistan has unveiled a significant gold discovery in the Attock district, with reserves estimated at 32.64 tons valued at approximately 800 billion Pakistani rupees (USD 2.87 billion). The announcement came from former Punjab Mining Minister Ibrahim Hasan Murad, following extensive geological surveys......

Morocco's Financial Pulse: Dirham Dips, Reserves Surge Amid Market Shifts

The Moroccan financial landscape showcased mixed signals in the final days of 2024 and early 2025, with the dirham experiencing a modest decline while foreign reserves demonstrated notable strength. The national currency recorded a 0.5% depreciation against the US dollar and a 0.6% decline against the......

Morocco's Dam Reserves Show Promising Rise Amid Ongoing Water Challenges

Morocco's water situation has taken a positive turn as dam reserves across the country reached a filling rate of 28.44% as of January 2, 2025, according to recent data from the Ministry of Equipment and Water. This marks a notable improvement from the 23.27% recorded during the same period last year. The......

IMF Approves Second Review of Sri Lanka's $2.9 Billion Bailout, Cautions on Ongoing Economic Vulnerabilities

The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......

SDX Energy: Unveiling Morocco's Untapped Energy Potential

In a significant development for the energy sector, SDX Energy has announced its plans to embark on an ambitious exploration journey in Morocco. The company, known for its expertise in the field, is set to unlock the country's hidden energy reserves, offering a glimpse into a promising future for......

Chariot Limited Validates Significant Gas Discoveries in Morocco's Offshore Anchois Project

In a notable development for the energy sector, Chariot Limited has confirmed substantial gas discoveries at its offshore Anchois project in Morocco. This announcement marks a pivotal moment for the company and the region, as it underscores the potential of Morocco's natural gas reserves. The exploration......

Morocco's Dam Reserves Inch Upward: Recent Rainfall Offers Glimmer of Hope Amidst Water Scarcity Concerns

Recent precipitation across Morocco has brought a modest but welcome increase to the nation's dam water levels, according to the latest report from the Ministry of Equipment and Water. As of August 25, dam reserves across the country have reached 27.7%, marking a slight improvement from the 27.5%......