QatarEnergy has signed an agreement to buy a 23% working interest in a concession agreement offshore Egypt from the block’s operator Chevron. QatarEnergy will acquire 23% of the North El-Dabaa (H4) Block in the Mediterranean from Chevron, which will retain a 40% interest in the concession. The other partners on the block are Woodside with a 27% interest and Tharwa Petroleum Company, an Egyptian state company, with a 10% interest.
The H4 Block lies about 10 kilometers (6.1 miles) offshore the Egyptian Mediterranean shore at water depths ranging between 100 and 3,000 meters (328 - 9,842 ft).
Four months ago, when the World Health Organization declared mpox a global emergency, Moroccan biotech firm Moldiag began developing testing
According to the London based think-tank Chatham House, Morocco is well-positioned to become a global hub for electric vehicle industries
Egypt’s military has replaced a supply firm to take full control of the imports of strategic commodities such as
The IMF has concluded a weeklong staff visit to Libya where it was assessing the latest economic conditions, as well
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