oil

MOGADISHU, Somalia - Anticipation builds as the Turkish ship Oruc Reis heads to Somalia soon, kicking off vital oil exploration along the 3,333 kilometers of coastline, officials relay. Energy Minister Alparslan Bayraktar mentioned the vessel's weekend departure after securing necessary approvals for this East African mission. During an October 2 conference in Ankara, the minister revealed the deployment. Turkey, a significant player in Somalia's security and development, aims to aid the nation grappling with…

ANKARA - Come this weekend, Turkey's ship Oruc Reis will journey into the waters off the coast of Somalia, commencing a daring adventure to discover oil and gas treasures beneath the waves. The Turkish Energy Ministry made waves with this revelation on Thursday. Having inked a deal in March, Turkey and Somalia are ready to explore a significant stretch of about 5,000 square clicks, searching for that elusive black gold. Standing by to cheer the vessel off on Saturday morning is none other than President Recep Tayyip…

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…

Whether you're baking, roasting vegetables or roasting chicken, oil is a staple that you always need to have on hand. And if you're a recipe follower, you've probably noticed that canola or vegetable oil is often requested. They may look and smell almost identical, but are they really that similar? And in the canola vs. vegetable oil health debate, who wins? Both canola and vegetable oils are good choices for everything from baking cookies to frying fish, but there are some key differences in how they are used, their…

Mogadishu (AX) — On Thursday, Abdirisakh Omar Mohamed, Somalia's Petroleum and Minerals Minister, divulged that Turkey is gearing up to start deep-sea oil drilling in Somali waters by April 2025.In a conversation with Somali National Television, the minister remarked on the ongoing preparations, underscoring the oil sector's tremendous potential to alleviate poverty and stimulate economic growth in Somalia."There are 13 offshore oil sites in regions like Jubbaland, Galmudug, Southwest, and Hirshabelle slated for drilling,"…

"We want to unequivocally tell international firms: save your time when it comes to the Holhol oil field or any other resources in this area. No one holds the legitimate authority to seal such deals unless they follow the proper legal channels and gain mutual approval," Karash emphasized. Recently, the Federal Government of Somalia inked an oil exploration deal with Turkey. Turkey plans to send a ship to the Somali coastline in October to start evaluating offshore oil reserves. Though Holhol is tucked away inland and not a…

In tonight's edition: The leader of the continent's largest crude oil producer apologizes to the country for fuel shortages. Nigerian President Muhammadu Buhari said the race was also on to resolve a national grid outage. Meanwhile, our reporters follow a…

Nigerian President Muhammadu Buhari apologizes to his compatriots for some recent economic troubles related to fuel shortages and power grid outages. Emmanuel Igah, consultant in geopolitics and international development, tells us more

Nigerian President Muhammadu Buhari apologizes to his compatriots for recent oil shortages and power cuts. FRANCE 24 correspondent in Lagos Sam Olukoya tells us more.

Nigerian President Muhammadu Buhari apologizes to his compatriots for some recent economic troubles related to fuel shortages and power grid outages.