{"id":15786,"date":"2023-03-25T11:56:06","date_gmt":"2023-03-25T11:56:06","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand"},"modified":"2023-03-25T12:04:05","modified_gmt":"2023-03-25T12:04:05","slug":"energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand","title":{"rendered":"Energy Giants Boosting Presence in North Africa Amid Europe’s Growing Fuel Demand"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Global energy companies have been boosting their presence in North Africa’s energy infrastructure amid growing demand from Europe after the bloc phased out the Russian fuel, the Wall Street Journal newspaper reported on Thursday, citing the chief of the state-run Libyan energy corporation.
\nEnergy giants such as Halliburton and Honeywell International Inc. have invested $1.4 billion’s worth of deals to develop an oil field and refinery with Libya’s National Oil Corporation (NOC), which has the largest known oil reserves in Africa, the firm’s chief, Farhat Bengdara, said, as cited in the report.
\nMeanwhile, Italian oil giant Eni has been planning to make investments to replace nearly half of the gas supplies it imported from Russia with Algerian fuel, the report said.
\nPorter also said that as Europe is in need of replacements for Russian gas, “this is their moment,” as quoted in the report.<\/p>\n

North Africa’s state-own companies have welcomed the initiatives to sign the deals because they have seen an opportunity to fill the gaps in the European energy market left by Russia and sell their fuel for higher global commodity prices. This includes Egypt, whose economy has been struggling with high food and import costs.
\nNOC is expected to sign soon a $1-billion agreement with Halliburton that will allow the US entity to rebuild the al-Dhara oil field after it was destroyed by the Islamic State terrorist organization (banned in Russia) in 2015 and is now run by ConocoPhillips and TotalEnergies SE, Bengdara added, as cited by the newspaper.
\nEU member states agreed in July to reduce national gas consumption by 15% between August 1, 2022 and March 31, 2023 in response to natural gas shortages and the global energy price surge. The EU executive will carry out a gas supply review by May to consider extending the reduction target as the bloc continues to phase out Russian energy sources.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. Global energy companies have been boosting their presence in North Africa’s energy infrastructure amid growing demand from Europe after the bloc phased out the Russian fuel, the Wall Street Journal newspaper reported on Thursday, citing the chief of the state-run Libyan energy corporation. Energy giants such as Halliburton and Honeywell International Inc. […]<\/p>\n","protected":false},"author":84,"featured_media":15785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[291,293,292],"class_list":["post-15786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nEnergy Giants Boosting Presence in North Africa Amid Europe's Growing Fuel Demand - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Global energy companies have been boosting their presence in North Africa's energy infrastructure amid growing demand fr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Giants Boosting Presence in North Africa Amid Europe's Growing Fuel Demand\" \/>\n<meta property=\"og:description\" content=\"Global energy companies have been boosting their presence in North Africa's energy infrastructure amid growing demand fr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-25T11:56:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-25T12:04:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/03\/postQueueImg_1679729310.34.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Energy Giants Boosting Presence in North Africa Amid Europe’s Growing Fuel Demand\",\"datePublished\":\"2023-03-25T11:56:06+00:00\",\"dateModified\":\"2023-03-25T12:04:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\"},\"wordCount\":335,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/03\/postQueueImg_1679729310.34.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/energy-giants-boosting-presence-in-north-africa-amid-europes-growing-fuel-demand\",\"name\":\"Energy Giants Boosting Presence in North Africa Amid Europe's Growing Fuel Demand - 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