First Independent Mena Newspaper
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 […]
Vienna plays host November 6 through 8 to the seventh annual North Africa oil and gas summit that will provide attendees with the opportunity to share insights on the region’s recent development prospects and a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region. […]
Few months after the collapse of the despotic regime of Muamar Gadhafi and despite the difficult democratic transition the new Libya is experiencing, several foreign businessmen operating in various industrial and services sectors are packing and preparing for their return to this North African country, dubbed “land of opportunities”. Despite the recent unrest, there is […]
Tensions between the governments in Baghdad and the semi-autonomous region of Kurdistan are jeopardizing the country’s effort to stand again on its feet. Iraq is now the second largest oil producing country within the Organization of the Petroleum Exporting Countries (OPEC) but it is also loosing $200 each second because of the frequent blockage of […]