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Tag: UAE

Egypt inks agreement with UAE’s Rega Energy to produce biofuel

Posted: May 18, 2022 at 7:34 pm   /   Oil & Gas

Egypt to partner with Emirati company to produce biofuels: State-owned Egyptian Petrochemicals Holding Company (ECHEM) signed an agreement with the UAE’s Rega Energy to produce algae oil, the Oil Ministry announced in a statement yesterday, without disclosing the details of the agreement. Algae oil is a feedstock for bio-jet fuel and green naphtha, which can be used to make environmentally-friendly […]

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EM

Egypt and UAE to set up JV for manufacturing dual-fuel trucks

Posted: August 10, 2021 at 9:57 pm   /   Oil & Gas

Egypt, UAE to jointly assemble dual-fuel trucks: A joint venture between an Emirati industrial company and the Egyptian military will be set up to locally assemble pickup trucks equipped with dual-fuel engines capable of running on natural gas, the cabinet said in a statement on Monday. The Military Production Ministry will produce the vehicles with M Glory […]

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Mubadala

Mubadala Petroleum to buy Delek’s 22% share in Tamar offshore gas field

Posted: April 27, 2021 at 10:41 pm   /   Oil & Gas

Israel’s Delek moves to sell stake in Tamar to UAE’s Mubadala; One of the Israeli natgas fields Egypt imports from could be getting a new shareholder: Israel’s Tamar offshore field, which supplies Egypt with natural gas under a 2018 agreement, could be getting a new shareholder after Delek Drilling, one of the field’s owners, signed […]

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fugro

Fugro opens new Remote Operations Center in Abu Dhabi

Posted: December 10, 2020 at 12:41 pm   /   Oil & Gas

The center is delivering remote and autonomous solutions to clients in the Middle East and India region. Fugro has opened a new remote operations center (ROC) in Abu Dhabi. The company now has eight ROCs operating across all four regions. By combining the ROC’s capabilities with its new uncrewed surface vessel operations, Fugro’s teams can […]

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Dana Gas

Dana Gas to demerge its Upstream and Midstream businesses

Posted: April 25, 2020 at 2:18 pm   /   Oil & Gas

Shareholders of Dana Gas, the Middle East’s largest regional private sector natural gas company, at the Annual General Meeting gave approval for the demerger of the Company’s Upstream and Midstream businesses. Shareholders also approved the Board of Director’s recommendation to distribute an AED 5.5 fils per cash dividend for the financial year ended 31 December […]

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solar

Infinity, Masdar to invest $750 million in clean energy in Egypt and Africa

Posted: April 17, 2020 at 7:58 pm   /   Renewables

Infinity Energy and the UAE’s Masdar are planning to invest USD 750 million in clean and renewable energy in Egypt and other African markets through their new joint venture, Infinity Power, Al Mal reports, citing sources in the know. Infinity Power, which was set up as an equal partnership in January, aims to acquire assets […]

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Dana Gas

UAE’s Dana Gas delays its decision on Egypt assets sale due to market turmoil

Posted: April 6, 2020 at 12:40 pm   /   Oil & Gas

Dana Gas delays its decision on Egypt asset sale on covid fears: Dana Gas has postponed its decision on whether it will sell its Egypt assets because of the global covid-induced market turmoil, Reuters reports, citing two unnamed sources close to the talks. Plunging oil prices probably haven’t helped matters. The Emirati energy company is […]

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enoc

ENOC Misr expands distribution and starts production in Egypt

Posted: March 5, 2020 at 1:47 pm   /   Oil & Gas

ENOC Misr, a joint venture between Proserv Group and the UAE’s Emirates National Oil Company (ENOC), signed a memorandum of understanding with local lubricant manufacturers to evaluate blending and manufacturing ENOC lubricants in Egypt.  The move comes as part of ENOC Misr’s ambitious plans to maximise operational efficiency and ensure product availability in the local […]

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Dragon Oil

Dragon Oil to invest $650 mn in Egypt, looks to acquire Western Desert assets

Posted: February 18, 2020 at 1:57 pm   /   Oil & Gas

Dragon Oil to invest USD 650 million in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing which units the […]

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CAFU

EGPC signs MoU with CAFU to bring Mobile Fuel Delivery Services to Egypt

Posted: February 16, 2020 at 1:08 pm   /   Oil & Gas

EGPC signs Partnership MoU with UAE based CAFU to bring Mobile Fuel Delivery Services to Egypt. Egypt will be the second international market the fast-growing startup expands to this year CAFU’s entry into the country aligns with Egypt Vision 2030 The Egyptian General Petroleum Corporation (EGPC), in the presence of the Minister of Petroleum and […]

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