President Erdogan says 320 billion cubic meters of natural gas reserves found by drillship Fatih in the Black Sea. Turkey’s president on Friday announced the discovery of major natural gas reserves in the Black Sea, [ More … ]
Another corner of the energy market threatens to deal a new blow to Egypt’s fragile government finances although its milestone of regaining self-sufficiency in natural gas. A six-fold increase in production at the giant offshore Zohr [ More … ]
A joint venture between Spain’s Naturgy and Italy’s Eni has been awarded a $2bn settlement from Egypt over gas supplies by a World Bank arbitration body, in a move that could accelerate the resumption of [ More … ]
Media reports have revealed details of a $15 billion deal to export 64 billion cubic meters of natural gas over 10 years to Egypt. Bloomberg reported “A $15 billion deal to export Israeli gas to [ More … ]
The field will help Egypt achieve ‘self-sufficiency of natural gas, ease the burden on the state budget and cut the imports bill’ Egypt’s Zohr natural gas field, the largest in the Mediterranean, began production on [ More … ]
Sudan will inaugurate next Thursday its mega electricity project of Upper Atbara and Setit Dams complex, east Sudan, which is considered the largest project in the country to generate hydroelectric power with 320 megawatts, expected [ More … ]
Since the military coup in 2013 that ousted Egypt’s first democratically elected president Mohamed Morsi and replaced him with erstwhile General Abdel Fattah al-Sisi,” the dynamic – at least at the official level – has [ More … ]
Copyright © 2016 | Middle East Observer