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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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The chief executive of IAG’s Aer Lingus, Stephen Kavanagh, said on June 1 that the UK might have to renegotiate its air services agreements with other countries, including the EU, if it leaves. (File photo)
June 28th, 2016 - 09:00 GMT

Brexit and the airline industry: Open skies, connectivity agreements up in the air

The first phase will begin with the construction of a 3-star hotel, which is expected to be completed in the first quarter of 2019. (Oman Tribune)
June 28th, 2016 - 08:00 GMT

Oman: Al Khonji inks billion-dollar contract to develop Duqm tourism hub

France is Saudi Arabia's third largest trading partner. (AFP/Stephane de Sakutin)
June 28th, 2016 - 07:00 GMT

Major trade deals expected during Saudi Deputy Crown Prince's visit to France

Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28th, 2016 - 06:00 GMT

Masdar seeks $800M loan for third phase of Dubai solar park

The world's top liquefied natural gas exporter is one of the richest countries per capita but it faces a $12.8 billion budget deficit this year because of the continued lower oil and gas prices. (File photo)
June 28th, 2016 - 05:00 GMT

Qatar's foreign trade surplus slashed in half in May

The entertainment complex will be developed by the state-run Aqaba Development Corporation. (File photo)
June 28th, 2016 - 04:44 GMT

Jordan to open new entertainment complex in Aqaba

Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27th, 2016 - 12:00 GMT

Jordan, Saudi Arabia to cooperate on nuclear energy

Agricultural products, chemical engineering products, furniture, and garments are some of the most important Egyptian exports to Britain. (Shutterstock)
June 27th, 2016 - 11:00 GMT

Egypt's exporters fear loss of tax-free perks after Brexit

Vice has hired an “independent management team” to adapt content to the region’s sensitivities and tailor programming to local markets.
June 27th, 2016 - 09:00 GMT

Vice Media announces Middle East expansion

Investors expect turbulence in the markets at least until Britain elects a new Prime Minister. (File photo)
June 27th, 2016 - 08:00 GMT

Gulf stocks plunge amid Brexit uncertainty

Deputy Crown Prince Muhammad Bin Salman and Bill Gates. (SPA)
June 27th, 2016 - 07:00 GMT

Saudi Deputy Crown Prince wraps up US visit with Bill Gates, MiSK Foundation deal

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

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