Italian energy group Eni has discovered a major natural gas at Narges-1 exploration well in the Narges Offshore Area Concession in the Eastern Mediterranean, offshore Egypt, the company announced Sunday in a press release. The multinational firm said it discovered 200 net feet (61 meters) of milocene and oligosin gas-bearing sandstones in the Nargis-1 well […]
Libya’s central bank chief Sadiq al-Kabir said he and other senior bank employees had to flee the country to protect their lives from militias. Few days ago, the bank suspended activity after a senior official was kidnapped by militias. Disrupted central bank activity, which controls billions of hydrocarbons money, has forced oil production to shutdown […]
A Tunisian court has sentenced 21 prominent politicians and officials, including opposition leader Rached Ghannouchi, to prison terms ranging from 12 to 35 years, in a new verdict that highlights the use of the judiciary by President Kais Saied to silence the opposition. The charges, which include inciting violence, attempting to overthrow the government, and […]
