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Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant
The two companies also requested 20-year licenses for the concession
Schneider is investing EUR 8 mn in the local market before year end. PLUS: Prime, Vestas, petrochemical industry, Kharafi, Cofra, Heliopark
Schneider Electric plans to invest EUR 8 mn in the local market
Daily blackouts may be reduced to one hour on the back off increased mazut and gas imports
Good morning, wonderful people. We have a couple of pieces of good news with which to kick off this morning’s…
Israeli gas imports ramping back up, but still at barely a quarter of pre-war rate
Israel is reportedly upping its gas exports now its domestic needs have been met
You’re going to pay more at the pumps today
Prices have now risen 16-25% in 2023
Not all doom and gloom on the energy front…
Eni is conducting further exploration before it begins drilling operations
Gas supplies to energy-intensive industries slashed by up to 30%
The move comes after gas imports fell to zero following Israel’s suspension of all gas exports to Egypt
Last Night’s Talk Shows on the conflict in Gaza and its effect on Egypt’s economy
Economist Medhat Nafei told El Hekaya that war will set us back USD 2.6-3.6 bn this year
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