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Latest in Energy


Eni invests $4bn in Zohr gas production processing plant

Italian oil company Eni invested $3.5-4bn in implementing the Zohr natural gas production processing plant at a capacity of 2.7bn cubic feet of gas per day. Minister of Petroleum and Mineral Resources Tarek El-Molla told Daily News Egypt that the total investments in Zohr field are estimated at $12bn until the point when production begins. …

Mohamed Adel

Solar power

Why did power companies agree to local arbitration for cost-sharing agreement but refuse it for power-purchase contracts?

Minister of Electricity Mohamed Shaker’s recent remarks against power companies have incensed investors. He said that investors knew from the beginning that the power purchase agreement (PPA) includes a condition for local arbitration in Cairo in case of any disputes. Investors signed the cost sharing agreement (CSA) which included that same condition, the minister added …

Mohamed Farag