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Energy
IFC backs Bulgaria’s major renewable PV energy project
The International Finance Corporation (IFC) said on Wednesday that it is financing a 225-megawatt (MW) direct…
Global shift to electricity may lower energy costs – IEA
The world is entering an era of cheaper energy as a surge in electricity use reduces reliance on fossil fuels,…
Morocco to double green energy output in W. Sahara by ’27
Morocco aims to double green electricity production in Western Sahara by 2027, setting a target of 1.4 gigawatts of…
OPEC+ lowers ’24 global oil demand forecast
OPEC+ has revised its global oil demand growth forecast for 2024 downward by 106,000 barrels per day (bpd) to 1.9…
Agiba Petroleum reports strong performance FY23/24
Agiba Petroleum has reported strong operational results for FY23/24 on Monday, despite facing significant…
Zohr field to see new drilling operations – minister
The Zohr natural gas field in the Mediterranean is set to undergo new drilling operations by the Italian company…
Egypt’s EGAS, Greece’s Copelouzos form JV
The Egyptian Natural Gas Holding Co. (EGAS) and the Greek Copelouzos Group signed a shareholders' agreement on…
Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
China to raise gasoline, diesel prices on Friday
China's National Development and Reform Commission (NDRC) announced on Thursday an increase in retail prices for…
EIB, Intesa Sanpaolo unlock €8b EU wind power investments
The European Investment Bank (EIB) and Italy's Intesa Sanpaolo launched on Thursday a new initiative to unlock up…
