Latest Energy News
Cheap oil threatens North Sea fields
Low oil prices have strained the budgets of countries, which depend mainly…
Eni’s share value inches up after announcement of Egypt’s natural gas discovery
The value per share reached €15.2 after company's CEO announced that he…
Mac Optic to build petrochemical plant in Gulf of Suez: Vice President
Company signed contracts with Nigerian companies, negotiations underway with Iraqi government for…
New gas discovery will not cover Egypt’s needs for next 4 years: Taqa Arabia executive
Gas discovery will, however, enhance economy, reduce budget deficit and create job…
$600m of foreign partners’ dues paid last month: El Molla
CBE provided $1.2bn over the past two months for gas and fuel…
Led by Saudi Arabia, Persian Gulf oil countries resist tough climate agreement
Saudi Arabia is being accused of trying to water down the climate…
Egypt’s OTMT, European REC to provide solar power integrated solutions
The implementation of solar power plants tends to be much faster than…
Electrical energy generated witnessed a 2.1% increase in 2013/2014
The amount of electrical energy generated in 2013 / 2014 reached 168…
Egypt to gain 60% share of Shorouk franchise production: EGAS Chairman
The Egyptian Natural Gas Holding Company (EGAS) agreement with Italy’s Eni will…
Eni invests $7bn to develop Shorouk in 3 years
Italian oil company Eni aims to invest around $7bn during three years…