Morocco Oil Refiner Plans Capital Increase to End Crisis
Sunday, 13th September 2015
Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company's financial difficulties. As Morocco's only refinery, its closure would make the country entirely reliant on imports and could also impact Moroccan banks exposed to Samir's debt.
Electricity in Egypt: The Whole Picture
Tuesday, 12th January 2016
One of the first sentences that a non Arabic speaker learns upon moving to Egypt is probably ‘Mafish kaharaba’, or “there is no electricity”. In summer, especially, and quite notably since the Revolution, Egypt has been suffering from an acute electricity crisis.
WAR-TORN LIBYA FIGHTS FOR ITS FUTURE ONE BARREL AT A TIME
Saturday, 27th June 2015
Amid the airstrikes, political declarations, and hostage taking, there is another, little-known war being waged; one whose outcome will surely determine the ultimate winners and losers in the battle for Libya. This war is being fought over the country’s single most important feature.
The Energy Crisis in Egypt and the Repercussions of Oil Prices
Tuesday, 19th May 2015
Oil is found mostly in sedimentary rocks (whether sand, shale, clay, or limestone) deposited by rivers and seas in prehistoric times. Besides water, they also carry fine organisms, plants, and organic matter which when buried, eventually becomes petroleum (oil or gas) under specific conditions of temperature and pressure. Oil does occasionally exist in non-sedimentary rocks but this is rare, which is why exploration tends to focus on sedimentary areas.