Mozambique Sees Record Foreign Investment Surge as Gas Projects Drive €3.07 Billion Windfall

Mozambique Sees Record Foreign Investment Surge as Gas Projects Drive €3.07 Billion Windfall Mozambique has achieved a remarkable economic milestone, attracting a record-breaking €3.07 billion in foreign direct investment during 2024 – the highest level in three years and a staggering 41.6% increase from the previous year. The investment surge, equivalent to 16.1% of the […]

Chinese Energy Giant Defeats TotalEnergies in Major Algerian Gas Block Victory

Chinese Energy Giant Defeats TotalEnergies in Major Algerian Gas Block Victory In a stunning upset that has sent shockwaves through the global energy sector, China’s Zhongman Petroleum and Natural Gas Group (ZPEC) has outbid industry heavyweight TotalEnergies to secure exploration rights for Algeria’s massive Zerafa II gas block. The Shanghai-listed independent also triumphed over a […]

Libya Eyes Historic Production Comeback as Oil Output Soars to Best Levels Since 2013

Libya Eyes Historic Production Comeback as Oil Output Soars to Best Levels Since 2013 Libya’s oil industry is experiencing a remarkable resurgence, with the North African nation producing 1.4 million barrels per day in December 2024 – its strongest performance in over a decade. This dramatic recovery brings Libya tantalizingly close to its ambitious year-end […]