Maghreb in April 2026: the most important developments in economy
Energy dominated economic news from the Maghreb in April 2026. Morocco reported that it had secured fuel reserves for 51 days amid pressures from the Iran war, and the phosphate producer OCP planned to cut production in the second quarter. Nigeria and Morocco advanced a $25 billion gas pipeline meant to bring West African gas to Europe via Morocco, with an international agreement expected to be signed in 2026. In Libya, the National Oil Company reported three new oil and gas discoveries, while the country's oil disputes were compared to the Hormuz crisis in discussion of European energy fears. Algeria issued a new call for foreign oil and gas bids and launched a licensing round aimed at raising output, and said its non-oil exports rose sharply in the first quarter.
Other deals covered jobs and investment. The World Bank approved $500 million for Morocco to support jobs and a green transition. Tunisia and Italy signed an agreement to expand employment opportunities. The company Montage secured new exploration permits in Mauritania, and Corinthia agreed a EUR 74 million deal to take full control of a luxury residential complex in Libya. A Carnegie Endowment report pointed to a trade-off in the Maghreb between high unemployment and poor job quality.
by WorldBrief & Maksim Micheliov | AI-generated summary
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