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Stories related to everything energy – from fossil fuels to renewables.

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A new nuclear deal can bring some benefits to Iran's energy sector

A new nuclear deal can bring some benefits to Iran's energy sector

The entrance of Iran in the 2015 nuclear deal and the lifting of US sanctions led to a boom in Iran's energy sector. A similar boom is expected after a new deal is successfully agreed upon. Experts suggest that the Iranian return to a deal could entail both negative and positive scenarios for its energy economy. 

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Egypt signs agreements for oil and gas exploration in the Mediterranean and Red Sea

Egypt signs agreements for oil and gas exploration in the Mediterranean and Red Sea

Egyptian Minister of Petroleum Tarek El-Molla said that the ministry reached a total of 12 agreements during the period of the coronavirus pandemic, with a minimum investment of about $1.4 billion, to drill 23 wells in nine regions in the Mediterranean and three regions in the Red Sea, pointing out that three further agreements are to be signed soon.
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Saudi Arabia and Azerbaijan sign groundbreaking agreements for renewable energy projects in the Caspian Sea worth $300 million

Saudi Arabia and Azerbaijan sign groundbreaking agreements for renewable energy projects in the Caspian Sea worth $300 million

The Saudi leading energy company, ACWA Power, will develop Azerbaijan’s first wind power development in collaboration with local entities, in three deals that could herald further joint energy projects between the two countries.
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Michel and Erdogan discuss EU-Turkey relations

Michel and Erdogan discuss EU-Turkey relations

European Council president Charles Michel and Turkish president Recip Tayip Erdogan on Tuesday (15 December) held a telephone conversation to discuss EU-Turkey relations in view of recent decisions by EU leaders to maintain pressure on Ankara over its energy exploration policy in the East Mediterranean.