Electricity Minister, Mohamed Shaker said that Egypt and Russia will reach a final agreement on the technical, financial and technological details of the Dabaa Nuclear Plant in January.
The United Arab Emirate is pushing ahead with large new energy projects, betting that an oil price recovery will start as early as next year as demand begins to absorb the global glut.
State-funded China General Nuclear Power Corporation has reached an agreement with France's EDF Energy to collaborate on new nuclear power plants, the BBCreported.
The head of the Egyptian Council for Foreign Affairs (ECFA), Mohamed Ibrahim Shaker, announced that Egypt will begin establishing its first nuclear power plant in Dabaa within days
Russian Prime Minister Dmitry Medvedev announced during an interview with Ahram Online that a deal for the construction of a second nuclear power plant in Egypt is about to be finalized.
President Abdel Fattah al-Sisi discussed rationalising energy and reducing waste during a meeting with the electricity and petroleum ministers on Wednesday.
Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African n ...