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Saudi Arabia to conclude a $20 billion energy deal with Egypt
Saudi Arabia is expected to ink a $20 billion five-year deal to finance Egypt's needs for oil and petroleum products, during King Salman bin Abdulaziz al-Saud’s visit to Cairo this week.
read more... 07/04/2016
Eni ready to invest on solar projects in Africa
Italian oil major Eni is prepared to invest hundreds of millions of euros in expanding solar power projects in Africa, as stated by the conglomerate's CEO on Wednesday.
read more... 07/04/2016
Turkey: Sabanci will sell stake in Enerjisa activities before IPO
Turkey's Sabanci Holding intends to vend a minority stake in the electricity distribution and energy retail businesses of its Enerjisa unit to reduce debt before Enerjisa's initial public offering, as stated by a senior executive on Tuesday.
read more... 06/04/2016
Nordex to merge Spain's Acciona Windpower
German wind turbine maker Nordex has wrapped up a €785m deal to acquire Spanish rival Acciona Windpower (AWP) as it aims to create a new global wind energy powerhouse.
read more... 06/04/2016
Daily: Oil prices rebound after Kuwait’s statements on output freeze
Crude oil prices boosted on Tuesday after Kuwait's OPEC governor Nawal Fuzaia said that the oil producers could agree to freeze the output at February levels at the April 17 Doha meeting even without Iran. The market prolonged gains in post-settlement trade after preliminary data on U.S. crude supply-demand for last week from industry group American Petroleum Institute (API) showed an unexpected draw of 4.3 million barrels. U.S. crude closed the session up 19 cents at $35.89, reaching a one-month low of $35.24 during the session. It increased to $36.58, up 88 cents, after the API data. Brent crude rose 18 cents to settle at $37.87 a barrel on the Intercontinental Exchange (ICE), after plunging to a March 4 low of $37.27 earlier. It recorded a post-settlement high of $38.44.
read more... 06/04/2016