Turkey expects no issues with oil and gas supply amid Israel-Iran conflict
Speaking to reporters late on Monday, Bayraktar said that Turkey would need to replace Gulf crude oil - 20% of Turkey's overall supply - in case of a possible blocking of shipping through the Strait of Hormuz.
But Ankara does not expect any problems on its supply security for oil and natural gas, he added.
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Engie targets speedy renewables growth in Mideast, North Africa
PARIS, July 1 (Reuters) - French utility Engie ( opens new tab has completed Africa's largest wind farm four months early, it said on Tuesday, as it targets the Middle East and North Africa as a priority region for future renewables growth. The 650 megawatt (MW) Red Sea Wind Energy project in Egypt project can power more than a million households annually, at a time when electricity shortages have forced the country to spend billions buying liquefied natural gas, turning it into a net gas importer for the first time last year. "This renewable energy is cheaper than burning gas or other fossil energy, because the price is lower, so it clearly allows for burning less gas and for the country to either import less gas or export more," François Xavier Boul, Engie's managing director for the Middle East and Africa, told Reuters. As permitting remains sluggish in Europe and U.S. offshore wind leases have been frozen under President Trump, Engie now hopes projects in the Middle East and North Africa can help it meet its 2030 target of reaching 95 GW of installed renewable capacity, up from around 51 GW today. Boul said rising economic development, an expected increase in power consumption, administrative fast-tracking and short project lead times has led Engie to prioritize tenders to build in Egypt, Morocco, the United Arab Emirates and Saudi Arabia. Red Sea Wind Energy is Engie's second wind project in Egypt, with a third site in development that will exceed 900 MW when built. Last year Engie signed a preliminary deal with Morocco's phosphates and fertilizer giant OCP to explore renewable energy, ammonia and green hydrogen projects beginning in 2026. Boul said in the short and medium-term, Engie's focus in the Middle East and North Africa region were on solar, wind, battery and hybrid projects. Red Sea Wind Energy is owned by Engie (35%), Orascom Construction PLC (25%), Toyota Tsusho Corporation (20%) and Eurus Energy Holdings Corporation (20%).
Telegraph
an hour ago
- Telegraph
Middle East conflict could force Formula One to move two races
Formula One has acknowledged that both the Qatar and Abu Dhabi end-of-season grands prix could be relocated if conflict in the Middle East intensifies. The likelihood of an emergency switch is being played down but F1 executives are in daily contact with promoters and have a contingency plan. With four races now held in the region, Stefano Domenicali, the F1 chief executive, said the championship is inevitably exposed to 'geopolitical risk'. 'Of course we are monitoring in the area that there are very unfortunate conflicts, and we are exposed on the promotional side, mainly in the Middle East,' he said. 'We are in daily contact with their promoters there.' After air strikes in the past month involving Israel, Iran and the US, Domenicali maintained 'we have a plan'. He said, however, that promoters are 'not worried at all' that the races are currently in danger. When asked to clarify whether there is a genuine risk of the races being moved, he added: 'So far, we don't have this kind of signal, and so we are really hoping not. I don't want to even think about it, mainly for the bigger picture, not for the racing itself.' An F1 spokesman added that contingency plans were always in place for global events, pointing to scheduling changes made during the pandemic. 'It's definitely serious' The latest Foreign Office advice following a ceasefire between Israel and Iran on June 24 states that travellers must 'stay up to date with events in the region'. Domenicali said: 'We're talking about human beings and bombs, so it's definitely serious. But of course, when we consider all the things, we consider the safety devices that are in place. 'Remember, two years ago there was the Houthi attack in Saudi Arabia – we then went there because we were sure about the guarantee that we had in terms of safety. It was guaranteed to the system that we were moving there. So of course, it's a judgment that we will take with the right people, the right knowledge.' Domenicali, who will be part of an F1 delegation at Downing Street on Wednesday, added in a wide-ranging London briefing ahead of the British Grand Prix that the Silverstone race is here to stay. He did, however, say he would ask the Prime Minister about helping the sport with logistical challenges post-Brexit, such as visa difficulties for staff flying in from Europe for the week. 'We need to make sure that all the people related to the ecosystem of F1 can come to perform their duties with no limitation,' he said, 'because they are part of a group of thousands that are moving for the races.' Business is booming for F1 and Domenicali, 59, is contracted as chief executive until 2029. The sport claims to be worth £12 billion to the UK economy annually. Domenicali, who was team principal at Ferrari between 2008 and 2014 before becoming chief executive of Lamborghini in 2016, will make the case to Sir Keir Starmer for Silverstone's need for improved road infrastructure ahead of the record attendances anticipated this week. While cities globally bid to become F1 destinations, the Italian, who succeeded Chase Carey as F1 CEO in 2021, says Silverstone can remain on the calendar 'forever'. 'I do believe that, in that respect, Silverstone has the right characteristics to stay forever in the calendar because there's no other places where you can develop such a huge event in the UK,' he said. 'I don't see any other places.' Ahead of his Government meeting, Domenicali said his intention was 'keep the centricity of UK in our ecosystem' – with 6,000 people directly employed in the UK in the sport. Last year Silverstone produced the largest attendance of any event on the F1 calendar, with 480,000 fans. That number is expected to be beaten by Sunday.
Telegraph
3 hours ago
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The IDF is not just Israel's army: it is a symbol of Jewish self-defence
Anti-Zionists are the edgiest cowards around. Leftists revelled in Bob Vylan's Glastonbury hate rally as a dramatic shifting of the Overton Window in their favour. A throng of middle-class festival-goers led in a chant of 'death to the IDF' by a performer who demanded that Palestine is free 'from the river to the sea' and recalled working for 'f***ing Zionists' – all carried live on the BBC iPlayer, no less. But now Jews are fighting back. Chief Rabbi Sir Ephraim Mirvis has blasted 'toxic Jew-hatred' posing as 'edgy political commentary'. The Jewish Leadership Council declaimed an 'obscene display of extremist hatred'. The anti-Zionists, meanwhile, have argued that Vylan's chant was nothing more than criticism of Israel and its military operation in Gaza. In fact, they say, it is Vylan's detractors who are the real anti-Semites for conflating Israel with Jews. If the Palestinians must be patronised by grandstanding Westerners, they deserve better than these faint-hearted crybullies. Not that the feelings of the Chief Rabbi or communal organisations have any impact on anti-Zionists. Lived experience is sacrosanct for every minority apart from Jews. For a movement that appears to glory in violent rhetoric, when consequences rear their head they fold like a Hamas command centre paid a visit by the Israeli Air Force. They embrace nuance and complexity and all those other traits of the snivelling liberals they scorn. Their anti-Zionism retreats from banner slogans to multi-page footnotes. Yes, they cavil, the IDF is a conscript army made up almost exclusively of Jews, but that doesn't mean calling for its 'death' is a call for death to Jews. (Disparate impact is another doctrine of the Left that applies to every minority except the Jews.) Why do they cry ' death to the IDF'? The Israeli army is civilian led. Why not death to the Israeli prime minister, or the defence minister, or the security cabinet? It is not just a matter of what rhymes. The IDF is not just Israel's army; it is the symbol and the substance of Jewish self-defence and Jewish sovereignty. Without the IDF, there would be no Israel, and this is exactly what they want. Across 2,000 years of exile from their homeland, Jews were reviled, calumnied, excluded, expelled, pogrommed, and exterminated. As the Passover Haggadah observes: 'Not only one has risen up against us to destroy us, but in every generation they rise up to destroy us.' The restoration of Jewish sovereignty in the Land of Israel was about ensuring that future generations had a means of defending themselves. More would come to destroy them, but this time they'd be prepared. Strong Jews, sovereign Jews, Jews you can't push around. For two millennia, these were concepts not merely revolutionary but fantastical. But now they are lived out every day in Israel. Political anti-Zionism is a project to separate the Jewish people from the theory and practice of Jewish self-determination. The Israeli army is all that stands between 'death to the IDF' and 'death to the Jews'.
