Submarine cable between Portugal and Morocco only with private or EU fundingPhoto by Daniel Frese on Pexels
Business
Экономика
Инвестиции

Submarine cable between Portugal and Morocco only with private or EU funding

Now4 September 2026 at 22:19

The project for a submarine electricity cable between Portugal and Morocco, described as a "submarine electricity highway," faces financing challenges. According to the Económico newspaper this Friday, the project may only move forward with private or European Union funding.

The neighboring country, Spain, has expressed concerns regarding this project. The Spanish position raises questions about the viability and geopolitical implications of the energy link between the Iberian Peninsula and North Africa.

Related articles

Business

Estarreka: ENERGEST optimizes energy efficiency at CIRES

CIRES, a chemical sector company belonging to the Shin-Etsu Group located in Estarreja, once again relied on ENERGEST to optimize the energy efficiency of its facility. The project consisted of integrating a third heat economizer to better utilize the energy from exhaust gases, increasing the overall system efficiency. The recovery boiler, which already produces 35 t/h of saturated steam at 10 barg, was thus enhanced. It should be noted that CIRES has been operating for more than eight years with a Natural Gas Cogeneration Center, which is fundamental for the industry's international competitiveness.

NotíciasdeAveiro.pt05/09/26, 00:03
Business

Brazil creates program to produce more fertilizers

The Brazilian government launched the National Fertilizer Program (Profert), which aims to reduce the country's external dependence in the fertilizer sector. The initiative encourages domestic production and sets progressive mandatory blending targets for the domestic market. Currently, Brazil imports more than 80% of the fertilizers it consumes, which represents a strategic risk for food security and national sovereignty.

Observador04/09/26, 23:56
Business

Submarine cable to Morocco only with financing

Portugal's Minister of Environment and her Moroccan counterpart declared that the construction of a submarine energy cable between the two countries will only proceed if there is private or European Union financing. The project has raised concern in Spain, which has expressed reservations about the initiative.

Observador04/09/26, 23:46
França bloqueia 65 milhões em investigação de fraude fiscal contra McKinsey
Business

France blocks 65 million in tax fraud investigation against McKinsey

The French National Financial Prosecutor's Office blocked 65 million euros in tax fraud investigation against McKinsey. The amount corresponds to taxes that the American consulting firm allegedly failed to pay in France, where it is under investigation for suspected money laundering.

SAPO Notícias04/09/26, 23:36