World Bulletin / News Desk
An Egyptian tender to explore natural gas in the Mediterranean was delayed due to lack of a "coordinate" agreement between Israel and Greek Cypriot administration that defined the boundaries of the two countries.
Speaking to the Anadolu Agency (AA), former Egyptian Minister of Petroleum, Abdullah Gurab, stated that, while he was the Minister of Petroleum between February 2011 and June 2012, he had constantly brought up the idea of holding a tender for the exploration of natural gas in the Mediterranean Sea but that the tender did not take place due to a lack of a "coordinate" agreement between Israel and Greek Cypriot administration that clearly defined the territorial waters.
"Later on, the Egyptian Ministry of Petroleum obtained information showing the necessary coordinates from related Egyptian officials. 13 tenders, 6 of them in the border regions of Israel and Greek Cypriot administration and 7 of them in Egyptian territorial waters, were opened," Gurab underlined.
"Oil wells at border regions may be mixed up. Egypt must sign agreements with neighboring countries to take under guarantee its rights," Gurab said.
On the other hand, Egyptian Minister of Petroleum Osama Kamal said that 13 international companies attended the tender for exploration of natural gas in the Mediterranean in June and that the results would be announced in November.
Egypt signed a contract with BP last week for the exploration of natural gas in the Mediterranean Sea.
Nick Letchford, managing director of the group that owns the Old Shoreditch Station cafe, decided to install the machine after noticing the popularity of bitcoins among his customers working nearby in the digital industries.
Varying degrees of drought are hitting almost two thirds of the limited arable land across Syria, Lebanon, Jordan, the Palestinian territories and Iraq.
Turkey deems Iranian gas too expensive compared with other suppliers like Russia and Azerbaijan, an assertion rejected by Tehran.
Satoshi Nakamoto, a name known to legions of bitcoin traders, practitioners and boosters around the world, appeared to lose his anonymity on Thursday after Newsweek published a story that said he lived in Temple City, California, just east of Los Angeles.
BP's exploration and production sharing agreement with Libya covers onshore acreage in Ghadames, near the border between Libya, Algeria and Tunisia, and offshore acreage in the central Sirte basin
There are discussions at high levels within the U.S. government on how to use U.S. natural gas resources
The judicial sources said on Thursday that prosecutors suspected the companies of working together on campaigns to favour Lucentis, including promoting it to local doctors
Scotland's Energy Minister Fergus Ewing offered to meet Shell to discuss the future of the oil and gas industry if Scotland votes to end its 307-year tie with England
European Commission President said that from a purely financial standpoint the crisis in Ukraine should not have much impact on the euro zone but there was potential for far greater instability
The rouble-traded MICEX lost 1.9 percent on the news to trade at 1,322.2 points. It had earlier traded in positive territory.
If tensions eventually escalate into economic sanctions, the single biggest point of vulnerability for the Gulf would probably be the Dolphin Energy pipeline carrying about 2 billion cubic feet of gas per day from Qatar to the UAE and Oman
The former Soviet republic is strategically important to Moscow as the main gas transit route to the European Union, Russia's biggest customer
Iran will soon receive a second installment of previously frozen assets which are being returned to it under an interim nuclear agreement with world powers
Economic growth jumped to 5.2 percent in the last quarter, but Romania remains the second poorest country in the European Union
Brent crude prices decreased by 1.8 percent, more than US$2 per barrel on Wednesday.
The southeast European country sets out to achieve price stability by increasing the share of private entities in its state dominated energy sector.