First Independent Mena Newspaper
Emirati on-demand petroleum product supplier, CAFU, will begin operations in Egypt under a Memorandum of Understanding with the Egyptian General Petroleum Corporation. The agreement will enable CAFU to launch fuel delivery services in Egypt in line with regulations and safety standards. Launched in the UAE in 2018, CAFU uses mobile app to provide service anytime […]
The International Islamic Trade Finance Corporation, IFTC, has allocated to Egypt $1.1 billion destined to fund the energy sector and internal trade in 2020, Egypt Today reports. Minister of Trade and Industry Nevine Gamea who made the announcement said $700 million of the funding will go to the energy sector, and $400 million to internal […]
Kamel Eddine Chikhi, Chief of state-owned energy firm Sonatrach, was sacked Wednesday only three months into the job. A presidential decree, relayed by state-run television ENTV, said Toufik Hakkar will take the helm of the energy company, which witnessed a cut into revenues last year and is in search of investors. Hakkar was […]
Nexans Maroc and ENGIE Services Maroc recently signed a 15-year contract for the design, construction, supply, upkeep and maintenance of a photovoltaic rooftop plant with a 2.5 MW installed capacity. This output of the installation, to cover an area of 13,000 m2, will supply nearly 22% of Nexans plant’s annual electricity needs and avoid the […]
The UK-based SDX energy announced a new discovery in north western Morocco, which, it said, is above pre-drill estimates. The company has encountered commercial quantities of gas in its OYF-2 well and confirmed the extension of its core area to the north, it said in a statement. The well, in which the company has 75% […]
The European Commission (EU) signed four guarantee agreements worth €216 million that will help unlock €2 billion to be invested in renewables, urban infrastructure and start-ups in Africa and the EU Neighborhood. The guarantees were signed with the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the German KfW Group and […]
The consortium led by Moroccan energy company NAREVA and French ENGIE group won an international bid for the construction of 120 MWp solar power plant in Gafsa, Tunisia. The consortium will be responsible for developing, designing, financing, building, operating and maintaining the photovoltaic power plant over a period of 20 years from commissioning. The Gafsa […]
UK upstream Morocco-focused Sound Energy said it was cleared to build and operate a 120-km gas pipeline in eastern Morocco. The company made the announcement after receiving the environmental impact assessment approval from the Moroccan Ministry of Energy, Mines and Environment. The pipeline will help channel gas from Tendrara to the already existing Gazoduc Maghreb […]
The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, the International Renewable Energy Agency (IRENA) has urged. Renewable electricity should supply 57 per cent of global power by the end of the decade, up from […]
Morocco has expounded its energy strategy and its approach to the fight against climate change before the 10th Assembly of the International Renewable Energy Agency (IRENA), held in Abu Dhabi this January 11-12. Morocco has adopted an ambitious energy strategy meant to enlarge its renewable energy capacity and performance to strengthen its position as […]