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Energy
Iraq targets 20% gas flaring reduction by ’24
Iraq, OPEC’s second-largest oil producer, aims to cut gas flaring to 20 per cent by the end of 2024, leveraging new…
Egypt joins forces with Swedish firm for solar panel project
Egypt's Arab Renewable Energy Company (ARECO), a subsidiary of the Arab Organisation for Industrialisation, signed…
US crude output hits record – EIA
US crude oil production in the Lower 48 states reached a record 11.3 million barrels per day (b/d) in November…
EBRD provides $42m loan for Türkiye’s solar power projects
The European Bank for Reconstruction and Development (EBRD) granted a €39.7 million ($42 million) loan to Kavram…
Egypt to launch $7.5b green hydrogen project
Egypt's Suez Canal Economic Zone (SCZONE) is set to sign a new agreement for a green hydrogen project with an…
EBRD backs Africa’s largest wind farm in Egypt
The European Bank for Reconstruction and Development (EBRD) has arranged a $275 million syndicated loan to support…
Egypt’s BAPETCO achieves 1.3b barrels in 40 years
Egypt's BADR Petroleum Co. (BAPETCO) has marked significant milestones in its 40-year journey, with total…
Egypt to convert 1.5m vehicles to natural gas in 2025
The Egyptian government is set to roll out a new initiative in early 2025 to convert 1.5 million vehicles to…
Egypt invests EGP 7.6b to upgrade power infrastructure in ’24
The Egyptian Electricity Transmission Company (EETC) invested approximately EGP 7.6 billion in the 2023/2024 fiscal…
EIB, Iberdrola partner for €100m Sicilian photovoltaic plant
The European Investment Bank (EIB) and Iberdrola, backed by SACE’s Archimede Guarantee, have signed a €100 million…