Energy

December 13, 2016

Rosneft Expands to Egypt

Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, […]
December 13, 2016

Kuwait emir appoints new oil minister

Kuwait’s prime minister formed a cabinet that includes a new oil minister. The government has seven new faces including Essam Al Marzouk who was named minister […]
December 15, 2016

Turkey’s first floating LNG storage is to be operational in 6 months

Turkey’s first floating natural gas storage and regasification unit (FSRU), GDF Suez Neptune, has arrived İzmir. The FSRU will supply 5.3 billion cubic meters of natural […]
December 15, 2016

European Bank for Reconstruction and Development (EBRD) provides US$ 134.75 million loan to Turkey

In a move to enhance reforms in the Turkish electricity sector, the European Bank for Reconstruction and Development (EBRD) is financing electricity companies operating in the […]