Madbouly Outlines Energy Rationalization Plan Amid Global Price Surge

• Tuesday, 21st April 2026
• by Sarah Samir

The energy consumption rationalization plan is still under evaluation to assess the savings it has achieved. Initial indicators suggest that during the first week, it resulted in savings of 18,000 megawatt-hours ( ...

India Reaffirms Energy Strategy Amid Questions Over Russian Oil Imports

• Tuesday, 10th February 2026
• by Fatma Ahmed

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 ...

Moelis & Co as Sole Adviser on Saudi Aramco IPO

• Thursday, 9th February 2017
• by Editorial Team

New York based investment bank, Moelis & Co, has been chosen as the sole independent adviser for the planned initial public offering (IPO) of Saudi Aramco.

Saudi Aramco Eyes $5b Investment in Renewables

• Tuesday, 31st January 2017
• by Editorial Team

Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production.

Egypt Speeds up 300MW Solar Power Plant Project in Minya

• Wednesday, 2nd March 2016
• by Egypt Oil & Gas

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.

Saudi Arabia to Invest $109b in 54 GW of Renewable Energy

• Wednesday, 13th January 2016
• by Egypt Oil & Gas

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.

Oman Adopts Austerity Budget Boosting Non-Oil Revenues

• Sunday, 10th January 2016
• by Egypt Oil & Gas

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 encouragin ...

Petrochemicals Record Growth via Innovation Strategies

• Thursday, 10th December 2015
• by Egypt Oil & Gas

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) in ...

UAE Supports OPEC Oil Policy

• Monday, 7th December 2015
• by Egypt Oil & Gas

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 summit i ...

Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding

• Monday, 23rd November 2015
• by Egypt Oil & Gas

Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press.