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Tag: Investment
taqa_station

TAQA Arabia to inaugurate new natural gas fueling stations this year

Posted: September 17, 2020 at 11:15 am   /   Oil & Gas

TAQA Arabia is planning to open several natural gas fueling stations before the end of the year at a combined cost of EGP 145 mn, TAQA CEO Pakinam Kafafi said, according to Al Mal. The new stations will bring the total number operated by the Qalaa Holdings subsidiary to 21, and come as part of […]

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Infinity-50 ib vogt

German ib vogt sells its share in 64.1 MW Benban solar plant to Masdar

Posted: September 16, 2020 at 12:59 pm   /   Renewables

Ib Vogt sells one of its Benban plants to Masdar, looks to offload three more: Germany solar company Ib Vogt has sold its entire share in its 64.1 MWp PV plant in the Benban solar park to Abu Dhabi-based renewable energy company Masdar, it said in a statement. The company did not disclose the value […]

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Energean Power FPSO

Energean’s H1 2020 results: Strong performance with 52.1 kboed production

Posted: September 10, 2020 at 1:01 pm   /   Oil & Gas

Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]

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Storage Terminal

Total Egypt, Ola Energy to construct Alexandria petroleum storage facility

Posted: September 8, 2020 at 1:15 pm   /   Oil & Gas

Total Egypt, OLA to partner in Alexandria Petroleum Products Terminal construction Total Egypt and OLA Energy Egypt have signed a joint venture agreement to jointly own, build, and operate a new petroleum products terminal in Alexandria. The Alexandria Petroleum Products Terminal (APPT) will be built at the Mex Petroleum Zone on a 23,000 square metre […]

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Dana Gas

Dana Gas in talks with IPR Energy over the sale of its Egypt assets

Posted: September 3, 2020 at 2:40 pm   /   Oil & Gas

United Arab Emirates’ Dana Gas is negotiating details of a sale of its Egyptian assets with Texas-headquartered IPR Energy, three sources familiar with the matter said, ahead of a repayment of some $300 million in debt in October. The energy producer – whose main assets are in Egypt and in the Kurdistan Region of Iraq […]

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International Cooperation

Egypt, Denmark sign partnership agreement to invest in renewables, unlock green transformation

Posted: September 1, 2020 at 9:26 pm   /   Renewables

Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, signed the Egyptian-Danish Energy Partnership Program (2019-2022) agreement with the Energy Agency of the Danish Ministry of Climate, Energy and Utilities, to unlock Egypt’s green transformation and invest in renewable energy.  Harnessing the power of partnerships, Al Mashat said […]

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Solar

Electricity generation capacity glut forces companies to think smaller on solar

Posted: August 31, 2020 at 1:59 pm   /   Renewables

Qalaa Holding’s TAQA Arabia will be focusing on small-scale solar projects to the tune of 2-10 MW in Egypt for the next two years, as the government slows down reliance on renewables amid a production glut, the company’s project director Mohamed Osama said at a webinar hosted by EQ Magazine and the Middle East Solar […]

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Solar

TAQA Arabia to increase investment in MENA renewable projects

Posted: August 31, 2020 at 1:56 pm   /   Renewables

Company to focus on small solar plants, rooftop projects in Egypt: Egypt’s TAQA Arabia is looking to increase investment in renewable projects in the Middle East and Africa, according to a senior company official. “We are studying several projects in the Middle East and Africa and expect procurement in the solar sector to be strong […]

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Vestas

Egypt, Vestas sign agreement for 250 MW wind farm in Gulf of Suez

Posted: August 20, 2020 at 1:13 pm   /   Renewables

Egypt, Vestas-led intl group agree to build 250-MW wind farm Egypt’s New and Renewable Energy Authority (NREA) and an Italian-French-Chilean alliance led by Danish turbine maker Vestas Wind Systems A/S have signed an agreement to realise a 250-MW wind project in the Gulf of Suez. Involving an investment of around EUR 228 million (USD 270.2m), […]

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Wintershall Dea

Wintershall Dea Q2 2020 Results: unaffected production, stable operations despite pandemic

Posted: August 20, 2020 at 1:04 pm   /   Oil & Gas

Q2 2020 Results: Despite the pandemic – unaffected production and stable operations Wintershall Dea, Europe’s leading independent gas and oil company, today reported its second quarter 2020 results. Mario Mehren, Wintershall Dea Chairman & CEO, says: “The quarter was without doubt one of the most challenging that the industry has seen in a long time. […]

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