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ENI To Invest $ 8 Billion In Libya

Italian energy company ENI has unveiled a $ 8 billion investment plan in Libya to be carried out over the next decade to upgrade current production and launch new exploration activities in the oil-rich country. This huge investment will enable the Italian energy company to expand its business and enhance its presence as the major […]

Egypt: Israel gave Al-Sisi the green light

There are fears that tensions in Egypt could rise to new levels after Roni Daniel, an Israeli military analyst, told Israeli TV channel 2 that Israel was informed by General Abdul-Fattah al-Sisi three days prior to Morsi’s ousting and approved of it. The ousting of Morsi is surrounded by many controversies but the army maintains […]

State-run Sonatrach inks exploration & partnership MoU with Exxon

Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]