UK-Morocco grid connection adds fresh AFC investment Xlinks First has announced a $14.1 million investment from Africa Finance Corporation (AFC) to further the development of Xlinks’ UK-Morocco Power Project. ......
Lunate acquires 40% stake in Adnoc Oil Pipelines US asset management majors BlackRock and KKR, who collectively invested $4bn in the crude pipeline network in 2019, have divested their stake to the Abu Dhabi firm ... ...
Egypt seeks to scale up crude oil production by 9% in FY2024/25 Egypt is targeting scaling up its daily crude oil production by 9% in fiscal year (FY) 2024/2025 to 637,000 barrels from the current daily production of 580,000 barrels, a government official told Asharq Business. Some foreign firms will invest around $4 billion in oil ...
Iraq signs deal with Ukraine’s Ukrzemresurs to develop gas field Iraq signed a deal with Ukrainian oil and gas exploration companyUkrzemresurs to develop Akkas gas field in the Western province of Anbar, the oil ministry said in a statement on Wednesday. The deal aims to produce 100 million standard cubic feet (mscf) per day in the f...
Newly passed US law on Iran sanctions may have limited impact in near term: experts The Biden administration may leverage new Iran sanctions measures included in the recently passed US security package to pressure Chinese buyers to reduce exposure to Iranian oil, but the legislation is unlikely to have a big impact on oil trade in the near term, expert...
UAE is expected to add 6.34 gigawatts to its power capacity from green projects between ... ABU DHABI/ WAM | Ryan McPherson, Regional Director (Middle East, Africa, Russia & CIS) for the Energy Industries Council (EIC), said that the United Arab Emirates is making continuous progress in the renewable energy sector, ranking advanced among regional countries in ...
Energy ministry calls for crackdown to stem Iranian fuel smuggling The undated image shows smuggled Iranian petrol being sold. — APP File | KARACHI: The Ministry of Energy has asked the Ministry of Interior and the Federal Board of Revenue to crack down on the rampant smuggling of Iranian petroleum products, which has already forced ...
Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup Sponsorship Saudi Aramco has sealed a sponsorship deal with FIFA, the International Federation of Association Football, through 2027, after winning a bidding process last October in which it was the only sponsorship candidate, the Associated Press reports. With the new deal, Aramco...
RVCMC picks Xpansiv to launch carbon credit exchange in Saudi Arabia GCC Business NewsThe Regional Voluntary Carbon Market Company (RVCMC), owned by the Public Investment Fund and Tadawul Group, has selected Xpansiv, the leading market infrastructure provider for the global energy transition, to provide tech infrastructure for RVCMC&#...
Why Israel's counterattack could accelerate Iran's nuclear program HaaretzThe technological superiority Israel demonstrated during Iran's attack a week ago, and its response – which penetrated Iran's defense systems – will force its leadership to recalibrate strategy ......
Uganda and UAE’s Alpha MBM near $4bn refinery deal The NationalTalks between Uganda and Dubai-based Alpha MBM Investments have “intensified” over the construction of a $4 billion refinery in the East African country, an oil executive has said. | Alpha MBM was earlier picked as the preferred bidder to finance...
The nuclear threats that loom over Iran and Israel Stars and StripesA volley of back-and-forth strikes between Israel and Iran, culminating with explosions in the Islamic Republic on Friday, added a nuclear edge to the regional fallout from the war in Gaza. Here, the world watched two powers with nuclear technology ...
Greek developer seeks consultants for Egypt-Greece interconnection studies PV MagazineGreek renewables developer Elica SA is seeking consultants for two desktop studies related to an electrical interconnection project between Greece and Egypt. The undersea link will transmit green energy to Europe via a 3 GW HDVC connection. | Two cal...
Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns The GuardianIncrease in cost of crude could drive inflation up and force central banks to keep interest rates high • Business live – latest updates A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and...
Handling — and Mishandling — the Iran Nuclear Program ScheerpostFlag by Blondinrikard Fröberg is licensed under CC BY 2.0 / Flickr | By Bob Dreyfuss / TomDispatch | One, erratic and often unhinged, blew up the U.S.-Iran accord that was the landmark foreign policy achievement of President Obama’s second te...
Africa Finance Corporation to invest $14.1 million in Morocco-GB power project New PowerAfrica Finance Corporation (AFC) is to make a $14.1 million investment to further the development of project to generate solar power in Morocco and export it direct to GB, according to XLink First. | XLink First is the investment vehicle for the Moro...
Algérie: Gaz - Le GECF s'attend à une croissance de 2% de la demande mondiale ... All AfricaALGER -- La demande mondiale de gaz devrait augmenter de 2%, stimulée notamment par les besoins de plus en plus croissants et la reprise de l'activité économique, a indiqué le Forum des pays exportateurs de gaz (GECF) dans un nouv...
