The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m to support Morocco's sustainable energy developments.
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.
The Libyan National Oil Corporation's (NOC) Chairman, Mustafa Sanallah, said that Libya's oil production had passed 554,000b/d and was on track to hit the 900,000b/d mark by the end of 2016.
Oman’s crude oil production marginally fell by 0.92 % in September to 30.1m barrels, with a total of 24.95m barrels exported from the Sultanate, the equivalent of 831,743b/d.
The state owned Kuwait National Petroleum Company (KNPC) expects to finalize a loan of well over $5b to finance its clean fuels project (CFP) by the end of the first quarter of 2017.