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EU AMBASSADOR: THE EGYPTIAN ENERGY SECTOR RECEIVES THE MAJORITY OF THE PRIVATE SOFT LOAN.
Egypt's energy sector received the majority of the concessional financing recently announced by the European Union to Cairo, totaling €5 billion ($5.4 billion).
- 2 years, 7 months
UAE: ADNOC OPTIMIZES CRUDE PROCESSING, BOOSTS MURBAN EXPORTS.
Abu Dhabi National Oil Company (ADNOC) has redirected its medium sour grade Upper Zakum for processing at a local refinery since late 2023.
- 2 years, 7 months
NATURAL GAS PRICES PLUMMET AS ETFS STRUGGLE, BRENT CRUDE TOPS $90 AMID MIDDLE EAST TENSIONS.
Exchange-traded funds (ETFs) are investment funds that are traded on stock exchanges, much like stocks.
- 2 years, 7 months
THE LARGEST EXPORTER OF LIQUEFIED GAS TO EUROPE IN THE FIRST QUARTER, ALGERIA CONTINUES TO EXCEL.
During the first quarter of this year, three Arab countries were among the largest exporters of liquefied gas to Europe, with the United States alone accounting for more than 50% of the total supplies received by the European market.
- 2 years, 7 months
OIL PRICES SURGE AS GEOPOLITICAL RISK RISES.
Oil prices are on the rise due to increasing geopolitical tensions and a bullish trend in West Texas Intermediate (WTI) crude oil, closely following Brent crude's movements. Escalating unrest in the Middle East, particularly involving Israel and Iran, has led to uncertainties in oil supply, boosting global oil prices and contributing to the upward movement of WTI prices.
- 2 years, 7 months
RENEWABLE ENERGY PROJECTS BEGIN IN IRAN WITH HUGE CAPACITIES.
Renewable energy projects in Iran, with a capacity of up to 7,500 MW, began during the Persian year ending March 19, 2023. These projects, primarily focused on solar and wind energy, represent a significant step towards Iran's goal of diversifying its energy sources and reducing its reliance on fossil fuels.
- 2 years, 7 months
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