Minister of Petroleum Bijan Zangeneh says Iran is not satisfied with current oil prices after OPEC decided to maintain production levels unchanged at its Friday meeting in Vienna.
Investment Minister Ashraf Salman said it is expected that investments worth $45bn will be pumped into Egypt's new and renewable energy sector over the next 10 years, state agency MENA reported on Monday.
The First Undersecretary for Gas Affairs at Egypt’s Petroleum Ministry, Sherif Sousa, said Egypt plans to propose projects amounting to $10bn, along with other investments at $9bn. The plan also includes petrochemica ...
The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said Monday.
Mohamed El Sobki, chairman of Egypt’s New & Renewable Energy Authority (NREA), stated at the event Tuesday that the country was targeting 18,000 megawatts of renewable energy projects.
According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.
Egypt expects the amount of foreign investment it attracts to double to $8 billion this fiscal year and is preparing a string of reforms to raise that further in coming years, its investment minister said on Monday.
Africa's energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said recently.