The Eritrea’s Red Sea coast is open for O&G (Oil and Gas) explorations, according to the country’s Ministry of Energy and Mines. Eritrean’s hydrocarbon exploration activities have stayed dormant for nearly 30 years due to ongoing conflict for independence with Ethiopia. Continue reading Eritrean Red Sea Coast Now Open for Offshore Exploration
THE first-ever summit for the Red Sea oil and gas sector held Monday and Tuesday in Dubai focused on investment, exploration and energy production opportunities.
A strategic transit point between Asia, Africa and Europe, the coasts between the Suez Canal and the Aqaba Gulf are also rich in hydrocarbons and untapped potential. Continue reading Red Sea Oil & Gas Summit Discusses Opportunities
A group of British businessmen led by former UK Conservative Chairman Michael Howard have arrived in Eritrea to explore investment opportunities in the exploration of hydrocarbon and natural resource in the country.
The visit was followed soon after another UK-based exploration and development company, Ortac Resources, announced an arrangement to acquire up to 42.2% of shares in UK-based Andiamo Exploration, which has a portfolio of advanced-stage high-grade copper and gold projects in Eritrea. Continue reading UK Firm to Explore Oil and Gas in Eritrea