NARCO ANALYSIS: Tunisia's Future in Jeopardy


In Morocco, the king has the government. In Algeria, decision-makers have faux opposition parties and the main étrangère. Following yesterday’s constitutional referendum in Tunisia, President Kais Saied has nothing.

NARCO ANALYSIS: Getting Busy in Algeria


I’ve been working on Algeria for a long time. And I have never been busier. The unprecedented pace is consequence of the unanticipated conflagration of two factors. On the one hand, Algeria is finally stable and secure. On the other hand, the Russia/Ukraine conflict has made Algeria more important to Europe and the US than it has been at any moment in the past.

NARCO CLOSEHOLD: Algeria Gets in the Game


Much to everyone’s surprise, on 8 June, Algiers announced that it was withdrawing from a friendship and cooperation treaty with Madrid. Algerian gas exports to Spain, which relies on Algerian supplies for nearly 50% of its energy needs, are not in Algiers’ crosshairs. At least for now.

NARCO ANALYSIS: Algeria-Spain Gas Dispute


Following the announcement that Spain would reverse the flow of the now dormant Maghreb-España Pipeline (GME) and ship natural gas to Morocco, Algeria declared that if any of the volumes shipped to Morocco were of Algerian origin, it would suspend both piped gas and LNG shipments to Spain. The likelihood of Algeria closing the valves should not be underestimated and there is a very real chance Algeria suspends its Spanish supply contracts...

NARCO ANALYSIS: Mauritania's Ghazouani in Good Shape


Last week Mauritanian President Mohamed Ould Ghazouani shuffled his cabinet. The upshot is that Ould Ghazouani is in a strong position and is apparently already looking over the horizon to Mauritania’s 2023 parliamentary elections and beyond to the 2024 presidential poll.

NARCO ANALYSIS: Tough Times in Tunisia


Once the North African darling of the international community and the so-called lone success story of the Arab Spring, Tunisia is drifting toward authoritarianism and hurtling toward an economic cliff. Tunisia is facing two scenarios in the near term: either Saied steps down or he embarks on a much more repressive phase in the face of violent social unrest.

NARCO ANALYSIS: Economic Impact of Russia/Ukraine on Morocco


Unless the conflict between Russia and Ukraine is resolved in short order (which does not look very likely,) Morocco’s economy is about to get hit very, very hard. Rabat’s deft maneuvering to help the economy recover from the disastrous impacts of the coronavirus pandemic is on the cusp of being blindsided by exogenous shocks that almost no amount of planning and foresight could have averted.

NARCO ANALYSIS: Mauritania at Last?


A question that has flummoxed Sahel watchers for the last decade was “Why not Mauritania?” As violence and instability increased throughout the Sahel from Chad and Sudan to Burkina Faso and Cote d’Ivoire, Mauritania was sitting pretty.

NARCO ANALYSIS: Algeria Developments vis-à-vis Ukraine & Russia


Circumstances around Russia’s invasion of Ukraine are simultaneously evolving very quickly and yet not as quickly as some had anticipated. One of the big concerns – which North Africa Risk Consulting raised in a 2 February note is that the conflict will disrupt Russian natural gas supplies to the European Union, raising the possibility that Algeria could become an alternative supplier. While a Russian gas cut has yet to happen, the Russian energy sector is collapsing before our eyes.

NARCO ANALYSIS: Risk Returns to Libya


Over the last decade, Libya has gone through risky periods and less risky periods. But not riskier or less risky in the conventional sense. Rather, risky in the sense of simply not knowing what was going to happen. It is once again not at all clear what is going to happen in Libya.



NARCO CLOSEHOLD is timely, actionable analysis derived from discreet sources. NARCO CLOSEHOLDs are crafted as events merit. They are available to NARCO's subscription and retainer clients and on a case-by-case basis.

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