Kenya Receives Loan to Develop Geothermal Energy

• Tuesday, 12th April 2016
• by Egypt Oil & Gas

Kenya has received a $29.65m loan to finance its drive for geothermal energy production, as the country aims to reach the targeted 5,000 MW of power with a minimal mix from thermal sources, All Africa reported. The ca...

Nigeria Striving to Make Up for Budget Shortfalls

• Monday, 11th April 2016
• by Egypt Oil & Gas

Nigeria might use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if government revenue projections are not met, Finance Minister, Kemi A...

Egyptian-Russian Committee Starts Energy Projects Talks

• Monday, 1st February 2016
• by Egypt Oil & Gas

The Egyptian-Russian joint committee for trade, economic, scientific, and technical cooperation met in Cairo at the end of January to continue negotiations about upcoming infrastructure projects in the energy and othe...

Renewables to Share in $544.37m UAE Innovation Fund

• Wednesday, 25th November 2015
• by Egypt Oil & Gas

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has launched a new fund worth $544.37m to finance innovation, reported Trade Arabia. The ‘Sheikh Mohammed bin Rash...

Iran oil development fund could reach $55bln-president

• Sunday, 8th April 2012
• by Egypt Oil & Gas

Iran’s President Mahmoud Ahmadinejad said on Saturday the country’s sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic recor...