The International Finance Corporation (IFC) and the government of Canada will provide a $76m financing package for Fotowatio Renewable Ventures (FRV) to build a new 50MW solar Photo Voltaic (PV) power plant in northern Jordan.
Tanzania’s government directed that only locally registered oil marketing companies will be allowed to bid for the importation of petroleum products in the country.
Kenya’s Vivo Energy has opened a 23m liter diesel storage tank at the company’s Mombasa terminal at Shimanzi, giving the company the largest diesel storage facility in Kenya.
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.
The Algerian state energy company Sonatrach has signed a deal with Italian firm ENI for a solar power plant, the 10MW photovoltaic facility will be launched before the end of 2016 in Ouargla in southern Algeria.
Sound Energy and PetroMaroc Corporation are reassessing their agreement regarding Sound Energy’s acquisition of 50% operated interest in three onshore gas permits located in Morocco for the Sidi Moktar licenses.