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Libya Slams Greek Hydrocarbons Tender Amid Maritime Border Dispute
...vereign rights in 2014.” CALL FOR TENDERS On 12 June, the European Union’s official journal published a notice from Greece announcing an international call for tenders for “the exploration and exploitation of hydrocarbons in maritime areas” including Blocks “South of Crete 1” and “South of...
Volume: 68Issue: 26Published at Fri, 27 Jun 2025 -
European Majors And New Entrants Secure Key Algeria Blocks In ‘Successful’ Bid Round
...untry’s influence within Opec+. Algeria produced 1.145mn b/d of crude oil in 2014 (see chart 1), but the subsequent collapse in oil prices led to a reduction in oil sector investment and capacity has dwindled ever since. According to the IEA’s latest medium-term outlook, Oil 2025, production capacity st...
Volume: 68Issue: 25Published at Fri, 20 Jun 2025 -
Trade In The Med: More Hubs, New Ship-to-Ship Zones
...prus’ rise as a regional gasoline blending hub via its 545,000 m3 (3.4mn barrel) VTTV storage facility at Vasiliko. Vitol, which owns 45% of VTTI alongside IFM Investors (45%) and Adnoc (10%), heavily touted VTTV’s potential when it first began operating in 2014 (MEES, 31 October 2014). But it’s taken th...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025