MENA power and utilities M&A transactions reach $845 m

According to the quarterly EY ‘Power transactions and trends’ report, an influx of European investors saw the region’s deal activity increase to six times that of the first quarter of 2017, reaching US$ 845 million in the second quarter of this year. As in previous quarters,"...

Egypt, Canada mull boosting cooperation in petroleum, gas domains

Petroleum Minister Tarek el Molla held on Sunday talks with newly-appointed Canadian Ambassador to Egypt Jess Dutton on boosting bilateral cooperation, especially in the domains of petroleum, natural gas and mineral wealth.

In"...

Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms

Egypt is paring down its requests for liquefied natural gas.

State-run Egyptian Natural Gas Holding Co. is seeking 12 LNG cargoes for delivery in the first quarter of 2018 in a tender, according to two people"...

Egypt’s media power abroad

For nearly six years, international perceptions of Egypt have been marred by endless stereotyping, rumours and misconceptions due to the biased media coverage of political events in the country. With the Egyptian state and politicians always choosing a defensive stance against international"...

[Egypt] Eni completes sale of a 30 per cent stake in the Shorouk concession to Rosneft

Italian multinational oil and gas company Eni has finalized the sale of a 30 per cent stake in the Shorouk concession, where the super-giant Zohr gas field is located, to Rosneft.

The terms of the sale, agreed"...

International donors finance Egypt’s solar power gig with $1.8 bln

The World Bank and the European Bank for Reconstruction and Development (EBRD) have directed a total of $1.8 billion for Egypt’s solar energy parks, currently under construction, Bloomberg reported Wednesday.

“Egypt"...

Egypt relegates to Nov receiving bids for installing coal power plant

Ministry of Electricity and Renewable Energy relegated to next November receiving financial and technical bids due to be submitted by Int'l companies desirous to install a coal-based power plant in the Red Sea's coastal area of Hamraween.

Informed sources told Al-Mal"...

Developments of Egypt's supergiant gas field Zohr rise to 91%

Developments in Egypt’s supergiant gas field Zohr has risen to around 91 percent, the country’s oil minister Tarek el-Molla said Sunday.

Discovered in 2015 by Italy's"...

The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace

(AETOS Wire)-- The fourth edition of the prestigious World Branding Awards saw 245 brands from 32 countries named “Brand of the Year” in a glittering ceremony held in the main entrance and Orangery at Kensington Palace today.

Global"...

Rosneft backs into Zohr gas concession offshore Egypt

Eni has completed the sale of a 30% interest in the deepwater Shorouk concession offshore Egypt to Rosneft. The terms of the sale, agreed last December 2016, include a payment of $1.125 billion and a reimbursement of some investments already made. Eni, via its subsidiary IEOC, now holds a 60% stake in the concession, which includes the Zohr gas field development. Rosneft is represented via its subsidiary Upstream Projects PTE, with BP (10%) the remaining partner. Zohr, thought to be the largest gas field ever found in the Mediterranean Sea, was discovered in August 2015. Production is due to start by the end of this year. offshore ...