A german firm stands to profit big time from countries and companies lofty ambitions to lift up. Bin for us all and lets the business whos in charge when it comes to drilling in the Worlds Largest enclosed see the mediterranean. Ever since trillions of cubic meters of natural gas were found off cyprus a dispute over ownership has been bubbling away between cyprus turkey and greece they all claim drilling rights the spat is worth billions of euros geologists say the deposit could hold as much as 3 and a half trillion cubic meters of fossil fuels a windfall for Energy Industries here in europe the area off the south west coast is especially contentious the European Union says only cyprus has the right to drill there but turkey is also state the claim sending several ships to hunt for gas the e. U. Has responded with sanctions which calls worthless. A warm welcome for turkeys top diplomat hes in North Macedonia on a state visit. But the e. U. s recent decision to slap turkey was sanctions
Renergen’s CEO, Stefano Marani, has taken a decision to relocate to Austin, Texas, in the United States of America (USA) – despite the gas project investment estimated to be worth at least R1 trill.