Middle East | Egypt Oil & Gas - Part 4
Turkey’s Nuclear Power to Start in 2023
Turkey expects the first unit of its planned $20b Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023.
Dana Gas Earned $13m
Dana Gas declared a third quarter net profit of $13m, compared to a net loss of $9m during the same period in 2015, reported Gulf News. The nine-month net profit stood at $26m, against a gain of $10m in the same peri ...
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.
