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The European Commission gives the green light to state aid in the field of hydrogen

The European Commission gives the green light to state aid in the field of hydrogen
09/22/2022 | Industry
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.
Air Liquide France, Enel Green Power, energy, Engie, EU, European Commission, European Union, France, Greece, Hy2Tech, Hy2Use, hydrogen, industry, Italy, Margrehte Vestager, PIIEC, Portugal, Shell.Ursula von der Leyen, Spain, state aid, Thierry Breton

Europlasma commits to the treatment in France of Algerian asbestos waste

Europlasma commits to the treatment in France of Algerian asbestos waste
09/06/2022 | Industry
ALGERIA / FRANCE. Subsidiary of Europlasma, Inertam signs a framework agreement with Inertam opening the way to the treatment of Algerian asbestos waste in France.
Algeria, Algiers, asbestos, Basel Convention, environment, Europlasma, France, industry, Inertam, plasma, plasma torch, So.GE.B.ZRITA, vitrification, waste

Engie and Sonatrach extend their gas supply agreement

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.
Abdelmadjid Tebboune, Algeria, Algiers, BlackRock, Engie, ENI, European Union, France, gas, GZ4, hydrocarbons, industry, LNG, Medgaz, Medina Partnership, Mediterranean, Morocco, natural gas, Naturgy, Portugal, Russia, Sonatrach, Spain, Toufik Hakkar, Ukraine, Western Sahara

Israeli authorities grant 3,500 entry permits to Palestinians

Israeli authorities grant 3,500 entry permits to Palestinians
06/28/2022 | Society / Institutions
ISRAEL / PALESTINE. Faced with a shortage of Israeli candidates to work in the industrial and service sectors, the Israeli state is increasing the number of entry permits granted to Palestinians.
Cogat, employment, Gaza, industry, Israel, Israeli Industrialists Association, Orna Barbivai, Palestine, Ron Tomer, services, West Bank, work permits

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia
05/19/2022 | Industry
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.
Abidjan, Attijari bank Tunisia, Cadyst Invest, Cameroon, Carthage, Cinpharm, Douala, EBRD, El Fejja, European Bank for Reconstruction and Development, European Union, health, industry, Ivory Coast, Jebel Ouest, Kilani, La Manouba, medicines, Middle East, North Africa, pharmaceutical industry, Risk Sharing Framework, Sub-Saharan Africa, Teriak, Tunis, Tunisia

France authorised to release €7bn to support sustainable recovery investments

France authorised to release €7bn to support sustainable recovery investments
04/21/2022 | Industry
FRANCE. The European Commission authorises a €7 billion French scheme to support a sustainable recovery through investment.
competition, EU, European Commission, European Union, France, France 2030, industry, investment aid, investments, Marghreth Vestager, Paris, temporary state aid framework

Libya's political crisis spills over into oil production

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.
Abdel Hamid Dbeibah, Abu Al-Tifl, Al Khaleej, al-Intissar, al-Nakhla, al-Sarrir, Al-Sharara, Brega, CBL, Central Bank of Libya, El Feel, Fathi Bachagha, gas, hydrocarbons, industry, Libya, Libyan economy, Libyan National Hydrocarbon Company, Libyan Political Dialogue Forum, Mellitah, Mustafa Sanalla, NAtional Oil Company, NOC, oil, OMV, Repsol, Russia, Statoil, Tobruk, TotalEnergy, Tripoli, Tunis, Ukraine, UN, Zaouia, Zouetina

Turkey strengthens its investments in Algeria

Turkey strengthens its investments in Algeria
04/21/2022 | Industry
ALGERIA / TURKEY. Turkish direct investments are accelerating in Algeria. According to Mahinur Ozdemir Goktas, they have reached $5 billion (compared to $13.5 billion for China). Invited by Musiad-Algeria, the Association of Independent Industrialists and Businessmen, and the World Turkish Business...
Adrar, Africa, Algeria, Algerian-Turkish Businessmen Economic Forum, Algiers, Arzew, cotton, DTIK, Erdogan, Erhan Cecen, industry, leather, Mahinur Ozdemir Goktas, Musiad, Musiad-Algeria, Okay Tosyali, Oran, Relizane, Sidi Khettab, steel, Tayal, textile, Turkey, World Turkish Business Council

Algeria to supply more gas to Italy

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.
Abdelmadjid Tebboune, Al Arabiya, Algeria, Azerbaijan, Ben Atou Ziane, energy, Eni, Enrico Mattei, gas pipeline, Giovanni Pugliese, hydrocarbons, industry, Italy, Libya, Luigi Di Maio, Mario Draghi, Mediterranean, Roberto Cingolani, Sicily, Sonatrach, Toufik Hakkar, Transmed, Tunisia

The French specialist in technical textiles buys its Italian counterpart NT Majocchi

The French specialist in technical textiles buys its Italian counterpart NT Majocchi
04/07/2022 | Industry
ITALY / FRANCE. Based in Saint-Chamond in the Loire, the French specialist in technical textiles for the personal protection markets acquires the Italian NT Majocchi and doubles in size.
Alpex Protection, Andrea Terracini, Anthony Dubut, army, BNP Paris Développement, Bobbiate, Caisse d'Épargne Loire Drôme Ardèche, Celda Capital Developpement, firefighter, France, Hervé Tiberghien, industry, InnovaFonds, Italy, Laurent Cogez, luxury industry, Moon Boot, NT Majocchi, Olivier Richard, personal protection, police, Saint-Chamond, Saint-Étienne, sport, Tavernio, technical fashion, technical textiles, Tecnica, textiles, United States, Varese

Algeria invests $7 billion to produce fertilizer from phosphate

Algeria invests $7 billion to produce fertilizer from phosphate
03/23/2022 | Industry
ALGERIA / CHINA. Four Algerian and Chinese partners are joining forces to launch a $7 billion phosphate processing industry project for the production of fertilisers in four wilayas in eastern Algeria.
ACFC, Algeria, Algerian-Chinese Fertilizers Company, Algérie Presse Service, Annaba, APS, Asmidal, Bled El Habda, China, Djebel Onk, fertilizer, Hadjar Soud, industry, Manadjim El Djazair, Manal, Mohamed Tahar Heouaine, Oued Kébérit, phosphate, port d'Annaba, PPI, Projet phosphates intégré, Skikda, Somine, Sonatrach, Souk Ahras, Tian'an, Toufik Hakkar, Tébessa, Wuhuan

Norway's Scatec to build green ammonia plant in Egypt

Norway's Scatec to build green ammonia plant in Egypt
03/10/2022 | Industry
EGYPT. Together with four Egyptian state partners, Scatec will build a green ammonia plant in the Ain Soukhna industrial zone in the Gulf of Suez.
Ain Sukhna, ammonia, Ayman Soliman, Climate Conference, COP27, EETC, Egypt, Egyptian Electricity Transmission Company, General Authority of the Suez Canal Economic Zone, green ammonia, green hydrogen, Gulf of Suez, industry, Mostafa Madbouly, New Renewable Energy Authority, Norway, NREA, renewable energy, Scatec, SCZONE, Sharm el-Sheikh, Sovereign Wealth Fund of Egypt, TSFE, Yehia Zaki

Algeria ready to increase its gas deliveries to Europe

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

The Tunisian Land'Or concretizes its development in Morocco

The Tunisian Land'Or concretizes its development in Morocco
02/24/2022 | Industry
MOROCCO / TUNISIA. The Tunisian Land'Or obtains an additional loan of 36,9 million dirhams (3,5 M€) for its subsidiary Land'Or Maroc Industrie which finalizes a factory in Kenitra.
Blue Ribbon, cheese, EBRD, European Bank for Reconstruction and Development, Hafid Elalamy, Hamed Denguezli, Hichem Ayed, industry, Kenitra, Land'Or, Land'Or Maroc Industrie, Le Fondant, Morocco, Rabat, sub-Saharan Africa, Tunis Stock Exchange, Tunisia

Italy's Saipem fined €192m for corruption in Algeria

Italy's Saipem fined €192m for corruption in Algeria
02/16/2022 | Industry
ITALY / ALGERIA. An Algerian court's ruling on corruption in the oil sector has put Saipem in serious financial difficulties.
Abdelhafidh Feghouli, Algeria, Algiers, Arzew, Cassa Depositi e Prestiti, CDP, Chakib Khelil, Eni, gas, Gilbert Bulato, industry, Italy, LNG, LNG3, Massimo Gallipoli Steal, Mohamed Meziane, oil, Pietro Tali, Saipem Contracting Algeria, Sidi M'Hamed, Snamprogetti SpA Algeria Branch, Sonatrach, USA

Greece fined €5.5m for undue aid to mining company Larco

Greece fined €5.5m for undue aid to mining company Larco
01/20/2022 | Industry
GREECE. The Court of Justice of the European Union orders the Greek State to pay a lump sum fine of €5.5m and a half-yearly penalty payment of €4.36m for failing to recover illegal aid paid to Larco.
Athens, CJEU, Court of Justice of the European Union, European Commission, ferronickel, Greece, industry, justice, Larco, Larco General Mining & Metallurgical Company, laterite, lignite, Luxembourg, mine, mining company, nickel, ΛΑΡΚΟ

The ITCEQ calls for a renewal of the industrial policy in Tunisia

The ITCEQ calls for a renewal of the industrial policy in Tunisia
01/14/2022 | Industry
TUNISIA. A study of the Tunisian Institute of competitiveness and quantitative studies (ITCEQ) of January 2022 gives tracks to develop the industry in Tunisia and insists on the importance of the intervention of the public authorities.
Europe, exports, Global Value Chains, industry, ITCEQ, Morocco, North America, OECD, Souad Dhaoui, South Africa, Tunisia, Tunisian economy, Tunisian industry, Tunisian Institute of Competitiveness and Quantitative Studies, Turkey

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

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.
al-Feel, al-Hamada, Al-Sharara, al-Wafa, Dhurha, Eni, Es Sider, General Electricity Company, hydrocarbons, industry, Libya, Libya oil production, Mellitah, Mustafa Sanalla, National Oil Company, NOC, oil, OMV, Petroleum Facilities Guard, PFG, Repsol, Samah, Statoil, TotalEnergies, Waha Oil Company

Turkey to have its own fighter jet in 2025

Turkey to have its own fighter jet in 2025
01/07/2022 | Industry
Ahmet Davutoğlu, Ankara, Aselsan, Turkish fighter, BAE Systems, Bayraktar, F-35, Fikri Isik, General Electric, Great Britain, HISAR, industry, Milli Muharip Uçak, MMU, Recep Tayyip Erdogan, Roketsan, SIPER, TAI, TB2, Temel Kotil, TF-X, TRMotor, Turkish Aerospace, Turkey, Tusas, USA
Ahmet Davutoğlu, Ankara, Aselsan, BAE Systems, Bayraktar, F-35, Fikri Isik, General Electric, Great Britain, HISAR, industry, Milli Muharip Uçak, MMU, Recep Tayyip Erdogan, Roketsan, SIPER, TAI, TB2, Temel Kotil, TF-X, TRMotor, Turkey, Turkish Aerospace, Turkish fighter, Tusas, USA

Algeria increases its hydrocarbon export revenues by 70%

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.
AL24news, Algeria, El Jadira, energy, gas, Hassi Messaoud, hydrocarbons, industry, LNG, Maghreb Europe Pipeline, Medgaz, Mohammedia, Morocco, Office national de l'électricité et de l'eau, oil, ONEE, Skikda, Sonatrach, Sound Energy, Toufik Hakkar

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About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin.
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