News / International

Italy’s Enel to Exit Egypt’s Renewable Energy Market

Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.

Europe Receives Second LNG Cargo from USA

A cargo of liquefied natural gas (LNG) from the US has arrived at Spain’s Murgados LNG import terminal, making it only the second cargo to reach the European market since US LNG exports began at the end of February 2016.

Eight Energy Firms Apply for Offshore Gas Drilling Rights in Cyprus

Eight energy companies have submitted six applications for winning exploratory drilling rights in blocks six, eight, and ten in Cyprus’ Exclusive Economic Zone (EEZ).

Tanzania: Mobisol Installs 50,000 Solar Systems

Tanzanian Mobisol has installed 50,000 solar systems for rural homes and businesses, enabling it connect over 250,000 beneficiaries to off-grid energy.

Algeria’s Tiguentourine Gas Plant to Come Back Online

Algeria's Tiguentourine gas plant, located 1,600km south east of the capital city Algiers, will be put back in service, according to Director General of the gas complex.

Iran, South Korea Ink $2b Oil Deal

Iranian Isfahan oil refinery has inked a memorandum of understanding (MoU) with South Korean Daelim company to enhance production procedures and optimize the facility.

Iraq to Witness Rise in July Oil Exports

Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of declines.

Kuwait Is to Award $27b Contracts despite Low Oil Prices

Kuwait is expected to award $27b worth of contracts before year-end despite the significant slump in oil prices, indicating an expansion in Kuwait's projects market.

Algeria: Oil and Gas to Increase by 30% in 2020

Algeria’s Energy Minister, Noureddine Bouterfa, has said that Sonatrach expects a boost in its oil and gas production by 30% in 2020.

IMF Forecast Cites MENA Growth after Oil Price Recovery

The International Monetary Fund (IMF) raised its 2016 growth forecast for the Middle East and North Africa after a rebound in oil prices.

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