Algeria

Oil prices could reach $220 this year

Sunday, February 27, 2011 / Energy / Leave a Comment

If you think gasoline is too expensive, you haven’t seen anything yet… To the Wall Street Journal : ” Nomura Securities says that if Algeria joins Libya in the land of chaos, oil prices could shoot to $220 a barrel. That’s in a worst-case scenario.” “To back up that headline grabber, Nomura compares the current …

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World Bank funds solar projects in North Africa

Thursday, December 17, 2009 / Energy / 3 Comments

The World Bank via its Clean Technology Fund is investing $750 million (522 million euros) in eleven concentrating solar plants in the Middle East and North Africa region. This is due to spur additional investments worth $4.85 billion. These projects are due to add nearly a gigawatt of capacity to local grids within three to …

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