Econostrum | Economic News in the Mediterranean
Get the latest updates industries in the Mediterranean: aerospace, automotive, food processing, steel, petrochemicals, energy, ICT, construction, textile... in Algeria, Spain, France, Italy, Morocco , Tunisia, Portugal, Egypt, Greece, Turkey ...

The European Commission gives the green light to state aid in the field of hydrogen - 09/22/2022

EU. The European Commission has approved the public aid proposed jointly by thirteen Member States for the second major project of common European interest concerning hydrogen.

Lebanon will be able to extract its own natural gas - 09/20/2022

LEBANON / ISRAEL. Negotiations on maritime boundaries between Lebanon and Israel are expected to end soon with an agreement allowing Beirut to extract natural gas from an offshore field.

Cyprus' Aphrodite gas field secures financing for its first drilling - 09/20/2022

CYPRUS. The partners of the Aphrodite gas field approve a $192 million financing that will allow the drilling of a first well in this very promising field.

Eni acquires BP's activities in Algeria - 09/08/2022

ITALY / ALGERIA. Eni announces the acquisition of the activities of the British BP in Algeria (BP.L), including the gas fields of In Salah and In Amenas in the south of the country.

Europlasma commits to the treatment in France of Algerian asbestos waste - 09/06/2022

ALGERIA / FRANCE. Subsidiary of Europlasma, Inertam signs a framework agreement with Inertam opening the way to the treatment of Algerian asbestos waste in France.

TotalEnergies denies plans to withdraw from the Arzew project in Algeria - 08/25/2022

ALGERIA / FRANCE. Rejecting information published by the Africa Intelligence website, TotalEnergies has indicated that it is continuing its involvement in the project to build a petrochemical complex in Arzew in Algeria.

TotalEnergies and Eni make new "significant gas discovery" offshore Cyprus - 08/23/2022

CYPRUS. In two separate press releases published on Monday 22 August 2022, TotalEnergies and Eni announce a "significant gas discovery" in Cyprus...

EU to invest €1.2bn in defence industrial cooperation projects - 07/21/2022

EU. The European Commission is to provide a total of almost €1.2 billion in EU funding for sixty-one collaborative defence research and development projects.

Sonatrach, Occidental Petroleum, Eni and TotalEnergy to drill 100 oil wells together in Berkine - 07/20/2022

ALGERIA / ITALY / FRANCE. The Algerian Sonatrach signs a "production sharing" contract with the American Occidental Petroleum, the Italian Eni and the French TotalEnergies.

French pharmaceutical company EA Pharma completes acquisition of Italian company Stardea - 07/13/2022

FRANCE / ITALY. Côte d'Azur-based EA Pharma continues its external growth operations with the acquisition of Italian company Stardea, which specialises in food supplements, medical devices and dermocosmetics.

STMicroelectronics and GlobalFoundries Invest in Semiconductor Plant in France - 07/12/2022

FRANCE. During "Choose France", the French-Italian STMicroelectronics and the American GlobalFoundries announced the construction of a semiconductor production plant in Crolles, near Grenoble.

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia - 05/19/2022

TUNISIA. The Tunisian pharmaceutical manufacturer Teriak will benefit from a loan of 5 million Tunisian dinars to improve its productivity and increase its energy efficiency.

Libyan oil port of Zouetina resumes operations - 05/05/2022

LIBYA. The Libyan National Oil Company says the oil port of Zouetina has temporarily resumed operations "in order to avoid environmental disasters that may occur".

Gas further cools relations between Algeria and Spain - 04/28/2022

ALGERIA / SPAIN / MOROCCO. Relations between Algeria and Spain, disrupted since March 2022, are experiencing a new episode of tension as Madrid wants to send back to Morocco part of the Algerian gas it receives.

Eurometaux fears a shortage in the EU of metals used in the energy transition - 04/26/2022

EU. In a report entitled "Metals for clean energy: ways to solve Europe's raw materials challenge", the European Association of Metal Producers calls for and proposes solutions to avoid a shortage.
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