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Solar power companies accuse government of being slow to process pledge of shares agreement, delaying financial close
Solar power firms working on phase 2 of the feed-in tariff program are accusing the government of being too slow…
Energy
Electricity Ministry signs USD 250 mn contract to develop Phase 2 of power grid overhaul
The Electricity Ministry signed a USD 250 mn contract this week with the State Grid Corporation of China (SGCC) to…
Rosneft closes transaction to buy Zohr stake
Russia’s Rosneft closed the transaction to buy a 30% stake in the Zohr gas field from Eni, TASS reports. The…
EGAS to issue new oil and gas exploration tenders in 2018
EGAS plans to issue new oil and gas exploration tenders in 2018, an unnamed company official tells Al Shorouk. We…
SDX Energy makes new crude discovery in West Gharib concession
SDX Energy made a new oil discovery in Egypt, with its Rabul-2 well unearthing heavy crude in the West Gharib…
Kuwait Energy acquires approval to complete sale of 25% stake in Abu Sennan concession to Global Connect Ltd.
Kuwait Energy obtained the necessary approvals to complete the sale of 25% of its stake in the Abu Sennan concession…
NREA reaches agreement with Vestas over EUR 230 mn wind farm
Danish wind turbine manufacturer Vestas reached an agreement with the New and Renewable Energy Authority (NREA) to construct a EUR…
Electricity Minister meets with Hitachi delegation
Electricity Minister Mohamed Shaker met with a delegation from Japan’s Hitachi on Monday to discuss increased cooperation on investments,according to…
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