Italy’s Eni to boost natural gas production in Egypt
Italian energy company Eni plans to boost natural gas production in Egypt by 200 million cubic feet per day starting
Egypt's Suez Canal on Thursday reported a 23.4-percent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Huthi rebels on Israeli-linked vessels.
The canal is a crucial source of foreign currency for Egypt, which is
currently grappling with a severe financial crisis.
Since November, the Huthis have launched numerous attacks on ships in the
Gulf of Aden and Red Sea.
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