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 […]
The long awaited Free Trade Agreement (FTA) between Algeria and the European Union, expected to enter into force Sept.1, risks to be botched up as Algerian political leaders, businessmen and economists continue to criticize the deal as imbalanced, warning it will undermine the country’s economic sovereignty. Despite years of preparations, the free trade deal is […]
Morocco’s National Electricity Regulatory Authority expanded its mandate in December 2024, extending beyond electricity sector regulation to encompass strategic sectors including hydrogen, as the kingdom advances its green hydrogen industry development leveraging renewable energy resources and strategic geographic positioning. Positioned with substantial renewable resources, particularly solar and wind, strategic geography at Europe’s doorstep, vast territory […]
