Diversification | Egypt Oil & Gas
India Reaffirms Energy Strategy Amid Questions Over Russian Oil Imports
India will continue to rely on a diversified mix of energy sources to ensure stable and affordable supplies for its consumers, Foreign Secretary Vikram Misri said, underscoring New Delhi’s focus on energy security and...
Moelis & Co as Sole Adviser on Saudi Aramco IPO
US based boutique investment bank, Moelis & Co, has been chosen as the sole independent adviser for the planned initial public offering (IPO) of Saudi Aramco, according to three people familiar with the process, s...
Saudi Aramco Eyes $5b Investment in Renewables
Saudi Aramco, the world’s largest oil company, is considering as much as $5b of investments in renewable energy firms as part of the kingdom’s plans to diversify from crude production, Oil and Gas People reporte...
Egypt Speeds up 300MW Solar Power Plant Project in Minya
Egypt’s Prime Minister Sherif Ismail demanded completion of ongoing technical and financial studies for the 300 MW solar power plant in Minya as a prelude to signing the final agreement of the project, Daily New...
Saudi Arabia to Invest $109b in 54 GW of Renewable Energy
Saudi Arabia plans to spend $109b to install 54 GW of renewable energy by 2040, aiming to diversify the Kingdom’s energy profile and preempt energy demand expected to rise 45% in this period of time, reported Al...
Oman Adopts Austerity Budget Boosting Non-Oil Revenues
Oman has adopted an austerity budget for 2016 with a projected deficit of $8.6b in order to tackle the 50% decline in state revenue by introducing economic diversification, increasing non-oil revenues, and encouraging...
Petrochemicals Record Growth via Innovation Strategies
Some 80 % of major petrochemical and chemical producers in the GCC are pursuing innovation strategy as a key business priority, a recent survey conducted by the Gulf Petrochemicals and Chemicals Association (GPCA) ind...
UAE Supports OPEC Oil Policy
The United Arab Emirates expressed support for OPEC in maintaining stable, cost effective, and efficient crude supplies, UAE’s Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said at the OPEC sum...
