UAE | Egypt Oil & Gas - Part 41
Masdar’s Second Solar Investment in Jordan to Cost $300m
Abu Dhabi green energy firm Masdar will build a 200MW solar project in Jordan for around $300m, reported Reuters. This is Masdar’s second renewables project in Jordan and Masdar CEO, Ahmad Belhoul, said that he ...
UAE’s Mubadala Signs Energy MoU with Mexico’s Pemex
The UAE’s Mubadala Petroleum has signed a Memorandum of Understanding (MoU) with Mexico’s Pemex for collaboration on upstream E&P projects, midstream oil and gas, and energy and power-related infrastructure, repor...
Shell Pulls Out of High-Risk, Low-Return UAE Gas Project
Royal Dutch Shell has announced that it will pull out of a multi-billion-dollar plan for the Bab sour gas field in Abu Dhabi, reported Reuters. Shell said that the decision was taken “following a careful and tho...
Dana Gas to Cut Costs at Home, Boost Investment in Egypt
UAE’s Dana Gas announced its decision to slash its head office workforce by 40%, and cut administrative costs by 50%. The move is part of the evaluation and cost cutting process, which the company adopted in 20...
UAE Denies Nigeria’s Call for Emergency OPEC Meeting
The UAE has denied claims made earlier by Nigerian Petroleum Minister that an emergency meeting of OPEC was in order to discuss the current oil pricing policy amid a 12-year low drop of oil prices to $30, reported Reu...
UAE, Chinese Joint Venture to Market Solar Power Tech
Nanjing-based photovoltaic (PV) manufacturer, China Sunergy (CSUN), has signed a deal with the UAE’s Z-One Holding to establish a joint venture company, CSUN Solar MEA FZC, that will sell a full range of solar product...
Australia Confirms Uranium Export Commitment to UAE
Australia has confirmed its commitment to export uranium for UAE’s nuclear program, in line with the bilateral 2015 agreement, once the nuclear plants in the Gulf country come online, Australia’s outgoing ...
El Molla: Egyptian-UAE Energy Ties are Strong, Positive Outlook for 2016
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE m...
