MENA region | Egypt Oil & Gas - Part 3

ACWA Setup New Renewable Firm

Saudi Arabia-based ACWA Power is set to launch a new company to capitalize on the rapidly growing market potential for renewable energy in emerging markets. The newly established company named Acwa Power RenewCo.

Total to Develop Iran’s South Pars field

French Total signed memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to develop a major offshore gas field under a 20-year contract worth $4.8b.

Bahrain, Eni to Study E&P Potentials

State Bahrain Petroleum Company (Bapco), Tatweer Petroleum, and the Italian Giant Eni have signed four agreements in order to study and assess the potential of some exploration and production assets in the Bahrain.

BP Extended Omani Gas EPSA

BP and Oman Oil Company Exploration and Production signed an agreement with the government of the Sultanate of Oman amending the Oman Block 61 exploration and production sharing agreement (EPSA) to extend the license ...

Morocco Issued $118 Green Bond

The Moroccan Agency for Solar Energy (Masen) has issued $118m green bond to help to finance the country's development of solar power.

Iran, Finland to Cooperate in Power Generation

The Industrial Development and Renovation Organization of Iran (IDRO) has signed a memorandum of understanding (MoU) with Finland's Wärtsilä on the development of decentralized power generation in Iran.

KOC, Weir Oil&Gas Signed $12m Deal

Khuff Trading and Contracting has signed an agreement with Kuwait Oil Company (KOC) for the purchase of 295 Seaboard wellheads, worth about $12m.

Kuwait Invested $4.8b in Oil, Gas

During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.

Iran, Armenia Signed Gas MoU

Iran’s National Gas Export Company and Armenia’s Energoimpeks signed a memorandum of understanding (MoU) for the transit, sale, and purchase of gas.

Sonatrach to Upgrade Oil Refinery

Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers.

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