News North Africa

Tue,23Dec2014

North Africa

Libya oil production not enough to cover own needs as fighting continues

Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi.

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OPEC will not cut output however far oil falls- MEES

Saudi Arabia's oil minister, Ali al-Naimi. Photo©ReutersSaudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES).

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Commodities: Analysts gaze into their crystal ball for 2015

Photo©Ken Gerhardt/Getty ImagesThe Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus.

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Sudan warns South Sudan against hostile moves by rebels in its territory

Sudan's National Security and Intelligence chief Mohamed Atta Al-Moula has warned against hostile moves by its southern neighbor. Photo©ReutersSudan's intelligence chief warned South Sudan against "hostile moves from its territory", saying any incursion by rebel forces based in its neighbour would be treated as an "assault" by Juba.

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Libyan mess, NATO's problem

African leaders have accused Western countries of abandoning Libya amid the chaos that followed the killing of Muammar Gaddafi during the 2011 Non Aligned Treaty Organisation (NATO) intervention.

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Morocco in $4.6bn LNG import revival plan

File Photo©ReutersMorocco has launched a national plan to boost imports of liquefied natural gas (LNG), including the construction of a terminal at the industrial hub of Jorf Lasfar, worth up to $4.6 billion, its energy minister said on Tuesday.

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