Latest news with #Asharq
Zawya
15-07-2025
- Business
- Zawya
Morocco to launch Phase 1 of gas pipeline with Nigeria in Q3
Morocco intends this month to launch the construction of the $6 billion first phase of a gas pipeline linking its Mediterranean coast to Nigeria. The Nigeria-Morocco Gas Pipeline (NMGP) project stretches for more than 5,000 kilometres to transport natural gas from Nigeria to Morocco and other nations. Morocco and Nigeria are pushing ahead with that project, which will cost over $20 billion, said Leila Benali, Minister of Energy Transition and Sustainable Development. 'A new investment will be announced later this month [July 2025]…it includes a pipeline to link Nador port in North Morocco with Dakhla city in the south…this is part of phase one of the Morocco-Nigeria pipeline project, involving linking Morocco with Mauritania and Senegal,' the Minister told the Saudi news website Asharq at the weekend. She said the pipeline would pass through 11 African countries and would transport nearly 30 billion cubic feet of gas per day to some African countries as well as to Morocco and Europe. 'A number investment institutions and infrastructure funds have shown interest in funding that project, with an expected return of more than 12 percent,' she added. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
14-07-2025
- Business
- Zawya
Morocco needs $40bln in energy investments
Morocco needs to invest over $40 billion to achieve its national energy goals, its Minister of Energy Transition Leila Benali has said. 'We need to invest more than $20 billion in renewable energy and energy efficiency, and another $20 billion in the interconnection between Africa and Europe,' she told the Saudi news website Asharq. She noted that renewable resources contribute over 45 percent to Morocco's electricity and are on track to reach 52 percent ahead of Morocco's 2030 target. Morocco also needs to boost battery storage projects, the Minister said, adding that the country seeks to double its electricity generation capacity by 2030 to reach 27 gigawatts (GW), up from 12 GW currently available. 'This will need a total of $13 billion…renewable energy will eventually account for 80 percent of Morocco's energy consumption,' she said. (Writing by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Morocco World
11-07-2025
- Business
- Morocco World
Morocco Needs to Invest $40 Billion Over Next 5 Years to Achieve Energy Goals
Rabat – Minister of Energy Transition Leila Benali has said Morocco needs to invest over $40 billion to achieve its national energy goals. The minister made her remarks during an interview with Asharq on the sidelines of the OPEC seminar in Vienna. 'We need to invest more than $20 billion in renewable energy and energy efficiency, and another $20 billion in the interconnection between Africa and Europe,' she said, noting that renewable resources contribute over 45% to Morocco's electricity and grid and are on track to reach 52% ahead of Morocco's 2030 target. Morocco also needs to boost battery storage projects, noting that the country seeks to double its electricity generation capacity by 2030 to reach 27 gigawatts, up from 12 gigawatts currently available. This will need a total $13 billion, with the minister adding that renewable energy will account for 80% of Morocco's energy consumption According to Asharq, Benali also spoke in support of the natural gas pipeline project Morocco has launched alongside Nigeria. The pipeline project aims to develop Morocco's gas infrastructure, the report indicated, noting that a new $ 5 billion investment will be announced in July to connect the northern port of Nador with the southern province of Dakhla. 'This is the first phase of the pipeline, which will later extend to Mauritania and Senegal,' the news outlet said, quoting Minister Benali as highlighting the pipeline's ambition to connect and pass through 11 countries before reaching Morocco. The pipeline aims to transport three billion cubic feet of gas per day along the West African coast and into Europe via the Maghreb-Europe gas pipeline. Tags: morocco on renewable energy
Libya Observer
04-07-2025
- Politics
- Libya Observer
Trump Advisor Boulous: Elections are the only solution to end Libya's crisis
US President Donald Trump's advisor for African affairs, Massad Boulous, stressed that the only solution to the Libyan crisis lies in holding comprehensive presidential elections. In his remarks to Asharq newspaper, Boulous said that the Libyan file is under significant international attention, highlighting the outcomes of the recent US delegation's visit to Egypt and their meeting with President Abdel Fattah El-Sisi and his team, as well as continued follow-up from European, UN, Turkish, and Arab sides. He noted that Libya's transitional phase has dragged on for too long, requiring an urgent resolution. Boulous stressed that presidential elections are the only effective path to end this phase and establish political stability. He further emphasized the importance of ensuring the upcoming elections are 'fair, equitable, and transparent,' and satisfy all Libyan parties, in a way that meets the Libyan people's aspirations for peace and democracy. Tags: Massad Boulos libyan crisis
Middle East Eye
03-07-2025
- Politics
- Middle East Eye
Report says Hamas satisfied with ceasefire proposal assurances to end Gaza war
Hamas is satisfied with the guarantees to end the Gaza war included in the ceasefire proposal it received, the Saudi news outlet Asharq reported, citing a knowledgeable source. According to the report, the proposal assures that the mediators that both sides will not resume fighting as long as negotiations are ongoing. However, another source close to Hamas tells the outlet that the new proposal presented to the group only includes minor changes from the previously submitted one by US mediator Steve Witkoff. Hamas is expected to deliver its response to the proposed framework on Friday, the report said.
