Joint Venture of Wintershall Dea and EGAS First to Achieve Zero Routine Flaring in Egypt
Wintershall Dea and its partner, the Egyptian Natural Gas Holding Company (EGAS), have achieved zero routine flaring at the DISOUCO Joint Venture in Egypt. The JV company between EGAS and Wintershall Dea becomes the first company in Egypt to do so. In October 2022 Wintershall Dea and EGAS signed a letter of intent to reduce […]
Eni partners QatarEnergy in the world’s largest LNG project
Eni enters the world’s largest LNG project in Qatar: Eni has been selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation […]
Siemens, Desert Technologies JV to invest $25 mn in solar energy, acquisitions in Egypt
Siemens-backed JV to invest USD 25 mn in Egypt’s solar infrastructure: Capton Energy — a newly established joint venture between Siemens’ financing arm, Siemens Financial Services, and Saudi-based solar energy firm Desert Technologies — plans to invest USD 25 mn in new and existing solar energy projects in Egypt in a first stage, Al Borsa quotes Desert Technologies’ […]
SolarizEgypt, Amarenco sign $255 million acquisition, joint-venture agreement
Amarenco Group and SolarizEgypt announce the establishment of a new partnership in Egypt. This definitive agreement between both parties agrees that Amarenco shall acquire 74% of SolarizEgypt’s portfolio and co-develop 300MW of assets at an estimated budget of 4 billion Egyptian Pounds (255MUSD) in the next four years. This Joint Venture between both parties is […]
Eni reportedly considering to spin-off West Africa, Middle East assets
Spinning off operations into new joint ventures could help reduce debt and give capital for funding energy transition plans. Italian energy company Eni is reportedly mulling the separation of its oil and gas businesses in West Africa and the Middle East in a move to cut down its debt. The company will look to spin […]
