energy

In a grand setting, Turkey’s President Recep Tayyip Erdogan stepped up to address the 79th session of the United Nations General Assembly on a bustling Tuesday, September 24, 2024. (AP Photo by Richard Drew) - AP Photo/Richard DrewWith considerable spotlight, President Erdogan participated in the send-off ceremony for Turkey’s energy research vessel, Oruc Reis. This month, the ship departed towards the Somali waters, bolstered by two Turkish naval ships.Somali Energy AccordThe Oruc Reis deployment emerges from an energy…

Erdogan announced a transformative shift for the once conflict-ridden Somali region, saying it will now be heralded for growth, prosperity, and peace thanks to the discoveries by Oruc Reis. Under a deal inked in March between Türkiye’s Ministry of Energy and Natural Resources and Somalia’s Ministry of Petroleum and Mineral Resources, the ship will conduct seismic surveys in Somali waters. Around 11 a.m. (0800GMT), the vessel set sail through the Istanbul Straits after making its entrance from the Black Sea, cruising past…

 Türkiye's research vessel Oruç Reis navigates the Bosporus in Istanbul, Türkiye, on October 5, 2024. (AA Photo) Embarking on a new chapter in maritime oil and gas exploration, the Oruç Reis seismic research ship sets sail for Somalia, marking a significant move celebrated by Türkiye's Energy and Natural Resources Minister, Alparslan Bayraktar, on Saturday. Somali officials acknowledge Türkiye's unwavering assistance in enhancing their energy sector.Joining the send-off ceremony alongside President Recep Tayyip Erdoğan,…

In the grip of a drought that rivals the direst conditions faced in the last two decades, Zambia finds itself in a precarious situation. Both businesses and households are enduring prolonged periods without electricity. With this backdrop, specialists are warning that the ongoing energy predicament could exacerbate the nation's already vulnerable economic landscape. This precarious situation poses the risk of extensive job losses across numerous sectors. According to a report from Daba Finance, the annual inflation rate in…

Iraqi Militia Threatens to Halt Oil Exports, Europe's Winter Energy Security at Stake BAGHDAD, Iraq — An influential figure from Iraq's Popular Mobilization Units (PMU) has sounded a grave alert about the ripple effects of potential warfare in the Middle East on global energy resources. Sharing his thoughts over social media, he proclaimed, "If war erupts, not a single barrel of oil or cubic meter of gas will exit the Middle East. Winter looms…

The Turkish seismic research vessel, Oruc Reis, is ushered by Turkish naval ships in the Mediterranean Sea, off Antalya on 10 August 2020. (Courtesy of Turkish Defence Ministry) Turkey has strategic plans to dispatch frigates to Somali waters to safeguard a Turkish energy research vessel, according to sources privy to the matter, shared with Middle East Eye. A pact inked earlier this year between Turkey and Somalia grants Ankara the authority to shield Somali waters from external threats and permits the exploration and…

In a pivotal move, Somalia officially joined the International Atomic Energy Agency (IAEA) on Monday during the General Conference held in Vienna. The Somali government heralded this membership as a remarkable achievement, underscoring the nation's commitment to fostering the peaceful application of nuclear technology. "This is a watershed moment for our nation, showcasing our unwavering dedication to peaceful nuclear interactions and sustainable progress," the Somali prime minister's office commented in a poignant…

China Commits $51 Billion to Africa: A Pledge for Jobs, Infrastructure, and Sustainable Energy In a significant address to representatives from over fifty African nations, Xi Jinping declared, "We have built roads, railways, schools, and hospitals together, transforming countless lives." This statement underscores China's determination to forge a "shared future" with Africa while advancing development across the Global South. Chinese state media reports that the colossal $51 billion commitment includes about $29.6 billion…

Isabel dos Santos, daughter of Angola's former president and once Africa's richest woman, must return to Angola her shares in Portugal's Galp energy company worth 422 million euros ($ 500 million), an international arbitration tribunal has ruled.…