Egypt is expecting foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year, Petroleum Minister Tarek El Molla said. According to Molla, Egypt expects foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year. Last year […]
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]
Three political parties namely the ruling Justice and Development Party (AK Party), the main opposition Republican People’s Party (CHP) and the opposition Nationalist Movement Party (MHP) have signed a joint declaration stating that the resolution voted by the European parliament for Turkey to recognize that it committed genocide on the Armenians as an “inappropriate and […]
