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FINANCIAL NEWS
North Africa may be next big opportunity for shale: Repsol
08 Oct 2013
(MENAFN) The director of Repsol Geological Studies said that if drilling costs in North Africa can be cut, the region has the potential to be the next big opportunity for oil and production from shale, Times of Oman reported.
The Algerian Energy Ministry expects that the country”s production of oil will double in the next 7 to 10 years.
Also, the Libyan government is planning to invite specialized firms to look for prospects in the country.
Repsol operates two blocks in Libya and is exploring for oil in six different other locations.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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