EU | Egypt Oil & Gas - Part 7

El Molla Meets EU Representatives

Minister of Petroleum and Mineral Resources, Tarek Al-Molla, met with Deputy General Manager of Energy at the European Union (EU)’s Commission, Christopher Jones, and the accompanying delegation to discuss areas...

Iran’s Exports to Europe Boost by 500%

Iran’s exports to the European Union have increased 500% and reached around $3.86b in the first four months of 2017 in comparison to the same period in 2016. Moreover, the commercial exchange between Iran and EU count...

Iranian Exports to South Korea Falls

South Korea’s oil imports from Iran fell nearly by 38% in April from the month before as Tehran struggled to maintain supply after clearing crude stored on ships, Reuters reported. South Korea, one of Iran’...

EBRD to Finance Egypt’s Green Economy

The European Bank for Reconstruction and Development (EBRD) along with the European Union (EU) and the French Development Agency  (AFD) will offer $140m loans for Egypt to increase energy efficiency projects, reported...

Algeria to Increase Gas Exports in 2017

Algeria expects to increase exports of natural gas in 2017 as it looks to build on its top spot in sales to Spain last year and strong sales to Italy and Portugal, Reuters reported. As Zawya informed, gas exports are ...

EU to Fund Egypt with $142m

EU’s Head of the European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, will sign a $142.17m funding package  to support  social and economic reforms in Egypt, as well as create job and supporting c...

EU’s TARES Project in Egypt Eyes 18% Energy Saving by 2035

The European Union (EU) has announced that their funded Technical Assistance to Support the Reform of the Energy Sector (TARES) project in Egypt can achieve feasibly energy savings up to 20 million tons of oil equival...

EU’s Twinning Project to Develop Egypt’s Power Sector

In partnership with the Regulatory Authority for Energy of the Hellenic Republic (RAE) and the Italian Regulatory Authority for Electricity, Gas, and Water (AEEGSI), the Egyptian Electric Utility and Consumer Protecti...

Sonatrach Foresees Rise in Algeria’s Oil Output

Algeria’s oil and fuel output is shifting again to progress after years of stagnation, helped partially by elevated production at the North African OPEC member’s present fields, said state power firm, Sonatrach, accor...

Crude Investors Flee to Safety after Brexit

The UK’s surprising vote for Brexit has brought a new level of uncertainty into the markets. Shortly after the UK has voted to leave the European Union, the investors started withdrawing from the international oil and...

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