While countries newly admitted to BRICS would boost the bloc’s energy production and greatly diversify it, it would not solidify China s victory over the west.
Italian energy conglomerate Eni has unveiled plans to invest a substantial USD 7.7 billion (EGP 237.9 billion) in Egypt over the next four years to boost the company's exploration and production activities in the country, stated Eni CEO Claudio Descalzi in a press release published by the Egyptian Presidency on 3 September. Descalzi’s pledge came
Why North Africa is a natural choice for Brics expansion thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
A brutal heat wave tormenting Egypt since mid-July, resulting in lengthy and repeated power cuts, has turned into a political liability for President Abdel-Fattah el-Sisi ahead of his expected campaign to run for a third, six-year term early next year.
Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production.