Egypt and Japan International Cooperation Agency (JICA) signed a contract on Thursday 19/02/2015 to set up a 200-megawatt wind farm in Gabal el-Zeit area in the Gulf of Suez at a total cost of EGP 1938.9 million.
The UAE’ exports of crude oil to Japan amounted to 25,089 million barrels during December last year, representing 22.8% of total Japanese imports, which was 110,135 million barrels.
Japan's AOC Holdings said on Thursday it will be difficult to achieve its goal of starting production in May from the offshore Northwest October block in the northern Gulf of Suez due to the nation's political situation.
Political instability in Egypt may delay the first crude output from the offshore Northwest October block in the northern Gulf of Suez, a top executive from operator AOC Holdings said.