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During the recently concluded 41st annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development at Marrakesh, in the kingdom of Morocco, a sum of almost $200 million was granted to the kingdom of Read more
The new Egyptian leaders have decided to annul the natural gas deal with Israel, a move which will add further tension and trouble to the already strained relations between the countries since the fall of the regime of Hosni Mubarak, Read more
The Ottoman state has embarked on a series of agreements concerning energy with different countries since last year to enhance its continuous supply. One of the latest agreements that it has concluded is a deal of 2.5 to 3 billion Read more
Morocco, which is not an oil producer, is planning to build a 150-megawatt wind farm to boost its renewable energy production part of an ambitious program to diversify its energy resources. The North African Kingdom has chosen French utility company Read more
The crude & gas reserves of the Arab Gulf countries are estimated $65 trillion, or one third of the overall world hydrocarbon reserves, says QNB Capital in its latest analysis. The GCC oil & gas reserves represent 93 pc of Read more
The United Arab Emirates is planning to build a US$3.3 billion solar park designed to produce 1,000 megawatts of power by 2030. The first bids for the construction a 10-megawatt unit will be issued during the 3rd quarter of 2012 Read more
Kuwait is planning to increase its oil production capacity from 3 Million barrel per day to 4 M/bpd by 2020 to meet rapidly soaring local, regional and international demands. To reach that goal, the Gulf state will carry out new Read more
The United Arab Emirates (UAE) mulls building four new nuclear power facilities next year with the help of South Korea, in addition to the four already being built. To meet the rapidly increasing energy demands, the UAE state-owned Emirates Nuclear Read more
High oil prices have enabled Iraq to export 65.3 million barrels last January and earn 7.123 billion dollars, according to official figures released by the Iraqi oil ministry. The crude oil, which was sold at $ 109 for the barrel, Read more
French energy producer & provider company Total has acquired a 40 pc stake in an exploration license in Yemen from Oil Search, Papua New Guinea oil and gas Company, for around $40 million. “With this new acquisition, Total is pursuing Read more