Latest Energy News
Saudi Arabia to reduce its reliance on oil
In a bid to shore up the Middle East nation's finances battered…
Oil prices hit fresh lows, dragging markets along
A barrel of the black stuff, which consistently traded above $100 between…
Shell to cut more jobs as BG takeover nears
Anglo-Dutch oil giant Shell has said thousands more jobs will be slashed,…
Egypt has leverage over Israel, being the bottleneck to Tel Aviv’s gas: Official
EMG has not been paying for gas in 10 months, we warned…
EGPC urges Aramco to provide petroleum shipments worth $300m
Ministry of International Cooperation negotiating with Saudi Arabia on long-term petroleum facilities,…
BP broadens stake in Egypt’s West Nile Delta project
Company acquired 22.75% in the North Alexandria concession as well as 2.75%…
Germany’s RWE to spin off renewables unit
Germany's second-largest power firm RWE has confirmed it is to split its…
Gas market regulation authority to be launched next year: petroleum minister
Egypt will continue to import gas even after Zohr field discovery to…
Energy for all of Africa by 2030?
Almost two-thirds of people living in sub-Saharan Africa have no access to…
IFC provides power to 10.7 million MENA customers in 2014
IFC’s contribution to energy sector aided in raising the region’s capacity with…