Middle East | Egypt Oil & Gas - Part 6
Morocco Issued $118 Green Bond
The Moroccan Agency for Solar Energy (Masen) has issued Morocco’s first green bond to help to finance the country’s development of solar power. The $118m bond will fund three schemes that form part of the ...
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. The signature came in purpose of cooperating on the development of d...
Oman, Kuwait to Sign Refinery MoU
Oman Oil Company’s (OOC) CEO, Issam Al Zadjali, is expected to sign a memorandum of understanding (MoU) with Kuwait Petroleum Corporation (KPC) for a partnership at Oman’s Duqm refinery during November. Th...
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, reported Weir’s website. Under the terms of the agreement, Khuff...
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, reported Gulf Digital News. 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. The final agreement will be submitted soon for the final approval by...
Sonatrach to Upgrade Oil Refinery
The Algerian state-owned company Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers. CPECC will ca...
Oman to Invest $1.8b in Petchem
The state-owned Oman Oil Company (OOC) plans to progress the implementation of three strategic petrochemical ventures by 2017. The total investment are worth $1.81b, reported Trade Arabia. OOC’s CEO, Isam al Zad...
