Healthcare diplomacy helps consolidate China’s soft power

China’s soft power: The coronavirus pandemic has given President Xi Jinping’s administration the opportunity to continue…

Gas standoff in East Mediterranean as Turkey confronts Eni drillship

Tensions between Turkey and Cyprus over ownership of offshore hydrocarbon resources in the Mediterranean flared up…

Milan takes fast train to China

Milan became the latest European city to join up to China’s Belt and Road initiative last…

Rosneft buys stake in giant Zohr field

Russian energy major Rosneft is to pay Italy’s Eni $1.125bn for a 30% stake in Egypt’s…

TAP on course to deliver Caspian gas to Europe by 2020

Europe should have access to gas supplies from Azerbaijan by way of the Trans Adriatic Pipeline…

Italian regulators probe finances behind Glencore-Rosneft deal

Financial regulators in Rome are examining whether Intesa Sanpaolo’s financing of  Glencore‘s recent investment in Russian…

EU extends Russian sanctions – but rift widens with Tillerson appointment

Russian sanctions: As widely anticipated, European Union leaders last week voted to extend economic sanctions against Russia over the…

Eni sells Zohr stake to Rosneft and gives Qatar a foothold in the Med

Just weeks after snapping up the Russian government’s stake in Bashneft for around $5bn and days…

Chinese consortium ready to buy AC Milan from Berlusconi’s Fininvest

A Chinese consortium has agreed to buy an 80% stake in the Italian Serie A soccer club…

Tsipras launches construction work on 870km TAP Trans Adriatic Pipeline

Greek Prime Minister Alexis Tsipras yesterday joined other senior officials at a ground-breaking ceremony to mark…

EC approves Trans Adriatic Pipeline

The European Commission yesterday  approved the Host Government Agreement between Greece and the Trans Adriatic Pipeline…

Gazprom secures access to ITGI Poseidon pipeline for gas transit to Europe

 Russian gas giant Gazprom’s   CEO Alexei Miller has signed an MoU with his counterparts in…

Italy’s Maire Tecnimont signs €1bn petrochemical deal with Iran

The Italian engineering company Maire Tecnimont has signed a €1bn agreement with Persian Gulf Petrochemical Industries (PGPIC) to…

Saipem slaps €759m lawsuit on Gazprom for South Stream cancellation

Italian contractor Saipem has filed a €759m claim against Gazprom for cancelling the contract for the construction…

Iran and Italy sign $18.4bn in contracts on Rouhani’s European roadshow

Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and…

Italy’s Denali and Fata plan €4bn Iranian steel investment

Iranian Mines and Industries Development and Renovation Organization (IMIDRO) announced on Wednesday two Italian companies, Denali and Fata…

Eni discovers ‘supergiant’ gas field off Egypt

The Italian energy company Eni has discovered a “super giant” natural gas field off the Mediterranean coast of…

Gazprom terminates Saipem Turkish Stream contract

Saipem,  Italy’s biggest oil-and-gas contractor, has  lost its $2.2bn contract to lay the Turkish Strean gas pipeline under…

Eni secures joint subsoil use rights for Isatay block in Caspian Sea

Kazakhstan’s  KazMunayGas (KMG) has announced that it has transferred 50% of subsoil use rights of the Isatay…

Business as usual for oil sector as CEOs get set to descend on St Petersburg for SPIEF

Senior executives from some of the world’s biggest oil companies –  including BP, Royal Dutch Shell…

Italy gives green light to Trans Adriatic Pipeline (TAP)

The Italian government has officially given the go-ahead for the construction of the Trans Adriatic Pipeline (TAP),…

Sanctions cost Italy over €5bn, bank chief estimates

Sanctions cost Italy over €5bn: The sanctions imposed on Russia by the EU after the annexation…

Italy and RDIF to set up $Ibn investment fund

Italy and RDIF to set up $Ibn investment fund: Following talks between Russia’s President Vladimir Putin…

Saipem subsidiary wins Kashagan pipeline contract worth $1.8bn

Saipem subsidiary wins Kashagan pipeline contract: Italian oil and gas contractor  Saipem’s ERSAI Caspian Contractor subsidiary…