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Turkey plans first overseas deepwater energy exploration in Somali waters
January 2nd, 2026 - 05:09 GMT
Osama Ali

Osama Ali

Turkey plans first overseas deepwater energy exploration in Somali waters

ALBAWABA - Turkey is set to embark on its inaugural overseas deepwater energy exploration, with a drilling vessel slated for deployment in Somali waters next month, as revealed by Turkish Energy Minister Alparslan Bayraktar. Bayraktar announced that the drilling ship Cagri Bey will head to Somalia in February to commence offshore exploration. The operation will concentrate on maritime zones along the Somali coast, though specifics regarding potential reserves or the ...
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Iran has courted potential European and Asian trading partners as sanctions pressures ease. (File photo)
July 19th, 2016 - 10:00 GMT

Despite business hurdles, Iran lines up potential oil and gas players

Egypt's attempts to revive the tourism sector were dealt another blow in May when the Airbus A320 crashed into the Mediterranean, killing all 66 people on board. (File photo)
July 19th, 2016 - 09:00 GMT

Egypt airport security: British delegation returns for inspections

The joint fleet would also include six Ultra Large Container Vessels.  (UASC.net)
July 19th, 2016 - 08:00 GMT

Hapag-Lloyd, United Arab Shipping Company merger creates world's fifth-largest container firm

Ras Laffan Industrial City, located 80 km north of Doha is Qatar's main site for production of liquefied natural gas and gas-to-liquid.  (IMGwide.com)
July 19th, 2016 - 07:00 GMT

Qatar awards gas engineering consultancy to Canada's SNC-Lavalin

Bank Asya is a participation bank allegedly affiliated with US based cleric Fetullah Gulen, whom Turkish authorities accuse of plotting the failed 16 July coup attempt. (AFP/Adem Altan)
July 19th, 2016 - 06:00 GMT

Turkish Islamic lender Bank Asya suspended

More than six years have passed since the ratification of the Offshore Petroleum Resources Law. (Shutterstock)
July 19th, 2016 - 05:00 GMT

Back to spats over Lebanon's oil and gas exploration

From a civil aviation perspective, drones are key to promoting the Dubai Smart Government Vision, and the DCAA are ensuring flight safety of Dubai's airspace. (Shutterstock)
July 18th, 2016 - 12:00 GMT

Dubai launches trading platform for drones

Qatar emerged as one of the prominent markets for passenger car aftermarket components among the GCC nations. (File photo)
July 18th, 2016 - 11:00 GMT

Qatar's growing demand for cars will fuel $195M spare parts market by 2021

APICORP Headquarters in Dammam, Saudi Arabia. (Trade Arabia)
July 18th, 2016 - 10:00 GMT

Apicorp, Al Bahari set up $1.5B oil investment fund

Pro-Erdogan supporters celebrate in Ankara on July 17, 2016 following the failed coup attempt. (AFP/Adem Altan)
July 18th, 2016 - 09:00 GMT

Devaluation, shaken investors, tourism slump: Will the Turkish economy follow Egypt's fate?

UAE property prices are considerably cheaper than in other leading cities in the world and have dropped significantly since mid-2014. (Shutterstock)
July 18th, 2016 - 08:00 GMT

Only 30 percent of UAE residents own homes, citing affordability concerns

RWE operates in concession areas at the Red Sea’s Gabal El-Zeit, Ras Gharib, Ras Badran in Abordes in South Sinai, and Desouk in Kafr El-Sheikh. (File photo)
July 18th, 2016 - 07:00 GMT

Egypt: $400M oil ministry debt behind unpaid salaries at Germany's RWE

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