Leading News Source For Middle East
Europe’s biggest gas pipeline group Snam has acquired a 25% stake in East Mediterranean Gas Company (EMG), which owns a pipeline between Israel and Egypt, marking its entrance into a high gas demand area, Reuters reports. Snam will invest $50 Read more
Mubadala Investment Company, one of the investment vehicles of Abu Dhabi Emirates, has increased its shares in Russian energy company En+ Group to 2.8 per cent, up from 0.2 per cent, reports say. The Emirati sovereign fund’s ordinary shares in Read more
Emirati international energy company, Mubadala Petroleum signed a memorandum of understanding (MoU) with Delek Drilling to acquire 22 per cent of the Israeli company’s participation in Tamar natural gas field offshore in the Eastern Mediterranean. The deal pending approval of Read more