H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the UAE President has met with Eng. Sherif Ismail, Egypt's Minister of Petroleum and Mineral Resources.
The drop in the cost of UAE’s solar powered energy sources has reached parity with cost of fossil fuels, making it economical and commercially viable, according to the ‘REmap 2030’ report.
The financing and investing in green economy projects was the focus of the sixth Green Economy Annual Conference, which was held today (May 25) in Dubai.
In statements made to Al-Bourse, EGPC Head Tariq Al-Mulla announced that EGPC's contract with UAE company Adnoc expires in June, adding that there were no new negotiations with Adnoc to renew the contract.