Hydrocarbons | Tags | Econostrum | Economic News in the Mediterranean

Lebanon will be able to extract its own natural gas

09/20/2022 | Industry

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.

TotalEnergies and Eni make new "significant gas discovery" offshore Cyprus

08/23/2022 | Industry

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

The euro now trades at less than a dollar

08/23/2022 | Society / Institutions

EU. For the first time since its introduction in January 2002, the euro has fallen below the dollar. At the close of business on Monday 22 August 2022.

Croatia, dollar, ECB, EU, euro, euro area, European Central Bank, European Union, Fed, hydrocarbons, Isabel Schnabel, Jerome Powell, Nord Stream 1, Ukraine, United States, US Federal Reserve

Turkey and Israel resume "full and complete" diplomatic relations

08/18/2022 | Society / Institutions

TURKEY / ISRAEL. After twelve years of quarrel, the Turkish and Israeli authorities decided the complete restoration of their diplomatic relations. Good news for regional stability.

Sonatrach, Occidental Petroleum, Eni and TotalEnergy to drill 100 oil wells together in Berkine

07/20/2022 | Industry

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

Engie and Sonatrach extend their gas supply agreement

07/07/2022 | Society / Institutions

ALGERIA / FRANCE. Sonatrach and the French energy group Engie are extending their natural gas purchase and sale agreement and want to extend it to LNG.

Algiers castigates EU intervention in its bilateral dispute with Spain

06/14/2022 | Society / Institutions

ALGERIA / SPAIN. Despite the suspension of a friendship and cooperation treaty, the Algerian government assures that this decision will not affect gas deliveries to Spain.

Algeria, Algiers, Brahim Ghali, EU, European Union, gas, hydrocarbons, Josep Borrel, José Manuel Albares, Madrid, Polisario Front, Ramtane Lamanra, Spain, Valdis Dombrovskis, Western Sahara

Libyan oil port of Zouetina resumes operations

05/05/2022 | Industry

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".

Abdel Hamid Dbeibeh, Fathi Bashagha, hydrocarbons, Khalifa Haftar, Libyan National Army, Libyan National Oil Company, Libyan Political Dialogue Forum, LNA, Mohammed Aoun, NOC, oil, Tobruk, Zouetina, Zouetina Oil Company

Libya's political crisis spills over into oil production

04/21/2022 | Industry

LIBYA. The political dispute between Libya's two rival prime ministers is now impinging on the country's economy itself because of the blockage of the oil infrastructure, which accounts for 97% of state revenue.

Algeria to supply more gas to Italy

04/12/2022 | Industry

ALGERIA / ITALY. The Italian group ENI and the Algerian state company Sonatrach sign a new gas agreement to strengthen energy cooperation between Algeria and Italy.

The Eastern Mediterranean becomes a new gas province

04/05/2022 | Society / Institutions

MEDITERRANEAN. The problem of gas resources in the Mediterranean, but also of their sharing, was invited to the 11th Cybèle meeting in Marseilles whereas the decision of the European Union not to be supplied with Russian gas imposes to find other solutions.

Albania, Algeria, Ankara, Azerbaijan, Croatia, Cyprus, EastMed, EEZ, Egypt, Eni, EU, Euromed-IHEDN, European Union, France, Francis Perrin, gas, gas industry, gas pipelines, Gaza, Greece, GZ4, hydrocarbons, Institut des relations internationales et stratégiques, Iris, Israel, Italy, Lebanon, Libya, Marseille, Medgaz, Mediterranean, Middle East, Morocco, Nicosia, Oruç Reis, Paris, PCNS, Policy center for the new south, Rabat, Rencontre internationale de Cybèle, RTCN, Russia, Russian gas, Serbia, Slovenia, Sonatrach, Spain, Syria, TAP, TotalEnergy, Toufik Hakkar, Trans-Adriatic Pipeline, Transmed, Turkey, Turkish Republic of Northern Cyprus, Ukraine, UN, UNCLOS, United Nations Convention on the Law of the Sea, Yves Lacoste, Élie Jarmache

Larache natural gas field in Morocco shows great promise

04/05/2022 | Industry

MOROCCO. The latest analyses of the Chariot Oil & Gas field, located off the town of Larache, reveal a natural gas of excellent quality with methane gas present at more than 96% in the seven reservoirs inventoried.

Adonis Pouroulis, Anchovies, carbon dioxide, Chariot Oil & Gas, energy, gas, hydrocarbons, hydrogen sulphide, Larache, Lixus, Morocco, natural gas, Office national des Hydrocarbures et des Mines, ONHYM, Stena Don, Tangiers

The European Commission recommends joint gas purchases at EU level

03/24/2022 | Services

EU. The European Commission has presented a series of ideas for collective action to ensure security of supply and reasonable prices for gas in the European Union in the face of threats from the war in Ukraine.

COvid-19, dollars, EU, European Commission, European Union, euros, gas, hydrocarbons, hydrogen, LNG, Ukraine, USA, Vladimir Putin

UN fears new Libyan fracture

$UN fears new Libyan fracture$

03/17/2022 | Society / Institutions

LIBYA. Once again divided between East and West, with two rival Prime Ministers in office in Tripoli, Libya worries the UN, which sees all the reunification work undertaken under its aegis over the past two years gradually disintegrating.

Syria and Algeria the only Mediterranean countries not to vote against the Russian invasion of Ukraine

03/03/2022 | Society / Institutions

SYRIA / ALGERIA. The United Nations General Assembly overwhelmingly adopted a resolution denouncing Russian aggression in Ukraine. Syria voted against, Algeria abstained and Morocco did not participate in the vote.

Algeria ready to increase its gas deliveries to Europe

03/01/2022 | Industry

ALGERIA / EU. Sonatrach's CEO has pledged to deliver more gas to the European Union to replace, in part, Russian gas exports threatened by the conflict in Ukraine.

Abdelmadjid Attar, Algeria, Algiers, Baltic Sea, Berkine Sud, Brussels, Claudio Descalzi, energy, Engie, Eni, EU, European Union, gas, Gas Infrastructure Europe, Germany, green hydrogen, GZ4, Hassi Bi Rekaiz, hydrocarbons, industry, Isarene, Liberty, liquefied natural gas, LNG, Luigi Di Maio, Maghreb Europe Pipeline, Medgaz, Mediterranean Sea, Morocco, NATO, Nord-Stream 1, Nord-Stream 2, North Atlantic Treaty Organisation, Olaf Scholz, OMV, Portugal, Russia, Shell, Slovenia, Sonatrach, Spain, State, TFT, TotalEnergies, Toufik Hakkar, Touggourt, TurkStream, Ukraine, Uniper, Wintershall Dea

Libya's House of Representatives on track to validate rival government

03/01/2022 | Society / Institutions

LIBYA. Libya already had two Prime Ministers. It should have, from Monday 28 February 2022, two governments. Since the appointment by the House of Representatives (HoR) of Fathi Bachagha (former Minister of Interior of the Government of National Accord - GNA) on 10 February 2022 to this post...

Abdel Hamid Dbeibah, Aguila Saleh, Fathi Bachagha, gas, GNA, GNU, HoR, hydrocarbons, Khalifa Haftar, Libya, Libyan Dialogue Forum, Libyan politics, Mohamed Aoun, Mustafa Sanalla, NOC, oil, Tobruk, Tripoli

Libya's crude oil production is trying to get back on track

01/11/2022 | Industry

LIBYA. According to the Libyan Oil Ministry, crude oil production in the country has risen from 700,000 to 900,000 barrels per day, thanks to the end of maintenance work on a pipeline.

Algeria increases its hydrocarbon export revenues by 70%

01/04/2022 | Industry

ALGERIA. The CEO of Sonatrach announces an increase in gas and oil exports of 19% in volume and 70% in turnover in 2021 with a result of 34.5 billion dollars.

Libyan economy faces the challenges of water stress and hydrocarbon management

09/02/2021 | Society / Institutions

LIBYA. Incessant vandalism of water networks and oil installations, suspension of the president of the national oil company, water shortages, need to diversify revenues, the Libyan economy is struggling to return to normal after ten years of civil war.

Abdul-Hamid Dbeibah, ACWUA, Al-Khums, Bahr Essalam, Bani Walid, Bertrand Bainvel, Claudio Descalzi, Cristina Brugiolo, CSP, Egypt, electricity, ENI, Fayez al-Sarraj, Fezzan, gas, General company for water and wastewater, GNA, Great artificial river, Hasawna, hydrocarbons, Italy, Jadalla Oakely, Ján Kubiš, Kaïs Saïed, Khalifa Haftar, Libya, Libyan Political Dialogue Forum, Lldif, LPDF, Manul, Marsa Al Hariga, Mellitah Oil and Gas, Mena, Misrata, MMRA, Mohamed Al Hweij, Mohamed Al Mnefi, Mohamed Aoun, Mustafa Sanallah, National Oil Corporation, NOC, Nubia Basin, oil, Ras Lanouf, REAol, Sabratha, Sadiq al-Kabir, Sarir, Sirte, SWH, Tobruk, Tripoli, Tunisia, Ubari, UN, UN Security Council, UNDP, Unicef, United Nations Support Mission in Libya, USAID, water, water stress, Zawiyah, Zliten