Connect with us
Anglostratits

Business

Stellantis Middle East & Africa Through its Brand Citroën MEA endorses “La Croisière Verte” Expedition in Fully Electric Citroën AMI

Published

on

Stellantis

The journey has officially departed from Ouarzazate, Morocco, country where the Citroën AMI is produced and distributed, underscoring the vehicle’s roots in the region

CASABLANCA, Morocco, October 31, 2024/APO Group/ — 

Stellantis Middle East & Africa (MEA) (www.Stellantis.com) is endorsing “La Croisière Verte”, a remarkable 14,000-kilometer journey across Africa in four fully-electric Citroën AMIs, organized by entrepreneur and former rally driver Éric Vigouroux. This event celebrates 100 years since André Citroën’s legendary “Croisière Noire”, capturing the same adventurous spirit, now routed towards sustainable mobility.

To honor this centenary, Éric Vigouroux has taken up the challenge of retracing this iconic route with electric vehicles powered entirely by renewable energy. Launched with a symbolic send-off at the Mondial de l’Auto in Paris (Paris Motor show) by Mr. Henri-Jacques Citroën, grandson of André Citroën, “La Croisière Verte” serves as a call for environmental awareness and green travel across Africa. Stellantis MEA with its Brand Citroën MEA join this mission as a committed partner through its Citroën Ami brand, highlighting a shared vision for advancing sustainable mobility on African continent.

The journey has officially departed from Ouarzazate, Morocco, country where the Citroën AMI is produced and distributed, underscoring the vehicle’s roots in the region. This challenging route will highlight the AMI’s compact, energy-efficient design, which can successfully traverse diverse terrains. The vehicles, equipped with onboard solar kits by the organizers, are fully self-sufficient in generating their power – an impressive feat that demonstrates the potential of micro-mobility in even the most demanding conditions.

At Stellantis, our goal is to lead the micro-electromobility transformation across Middle east & Africa by leveraging our deep understanding of the market

As part of Stellantis’ Dare Forward 2030 vision, Stellantis MEA is committed to making clean and accessible mobility a reality across the Middle East and Africa—a region with unique market dynamics and increasing demand for affordable transport options. With a population of 2 billion and approximately 4 million new car sales annually, the MEA region represents a vast opportunity for micro-electromobility. Stellantis envisions this segment as a bridge between two-wheelers and traditional pre-owned vehicles, offering a fresh solution for urban and regional mobility.

“At Stellantis, our goal is to lead the micro-electromobility transformation across Middle east & Africa by leveraging our deep understanding of the market, our robust distribution networks, and our advanced industrial ecosystem,” said Samir Cherfan, Chief Operating Officer of Stellantis MEA. “Our Kenitra plant in Morocco plays a central role in this mission, producing a range of electric micro-mobility vehicles exclusively for the region. Beginning with the Citroën AMI, production has since expanded to include the Opel Rocks-e and the Fiat Topolino, models specifically crafted for urban mobility that showcase Stellantis’s commitment to accessible and sustainable transportation. With an annual production capacity of 70,000 units, our Kenitra plant solidifies our competitive edge in regional industrialization, local supplier networks, and engineering expertise.”

The Citroën AMI illustrates this micro-mobility revolution, with over 65,000 units sold since its launch across 17 countries, including Europe, the Middle East, Africa, and South America. Globally recognized, including winning the ‘Grand Prix du Design Automobile 2024’, the Citroen AMI’s success is also evident in Morocco, which boasts the world’s largest Citroën AMI fleet. In collaboration with ‘Poste Maroc’, 225 Citroen AMIs are actively used to support postal services in Casablanca and Rabat, reflecting the vehicle’s durability, low environmental footprint, and operational efficiency. This extensive adoption showcases the Citroën AMI’s adaptability for both urban commutes and more adventurous activities like “La Croisiére Verte.”

Stellantis MEA remains steadfast in advancing the electric vehicle landscape, ensuring that sustainable micromobility becomes a reality across the Middle East and Africa. As “La Croisiére Verte” gets on its historic journey, it signifies the next frontier of mobility, showing how compact, efficient electric vehicles can transform transportation in some of the world’s most dynamic regions. Stellantis MEA is committed to driving this transformation, focused on empowering communities with forward-thinking, innovative mobility solutions for a sustainable future.

Distributed by APO Group on behalf of Stellantis.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Trending