Dubai has recently inaugurated the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is now the largest single-site solar park in the world. With a planned capacity of 5,000 megawatts (MW) by 2030, the solar park currently has a capacity of 900 MW. This phase of the project aims to provide clean energy to around 270,000 residences in Dubai and is expected to reduce carbon emissions by 1.18 million tonnes annually.
In 2022, the industrial exploitation of diamonds in the Democratic Republic of Congo (DRC) generated revenues of approximately 62.3 million US dollars, according to the annual report (2022) of the Technical Unit of Coordination and Mining Planning (CTCPM). This represents an increase of over 10 million US dollars compared to the previous year, where the export of industrially mined diamonds by companies had generated revenues of around 52 million US dollars. One of the companies
The forum on energy investments held during the DRC Mining Week has put forward recommendations, including the need to transform the political will of governments into actual energy. Participants at the forum emphasized the importance of pragmatism alongside their aspirations. The event took place on June 14, 2023, in the Bukavu room of the Karavia hotel in Lubumbashi, with John Kanyoni from the FEC Chamber of Mines serving as the moderator. The forum’s central theme
Algeria’s state-owned oil company, Sonatrach, has signed a contract worth $800 million with Indonesia’s Pertamina and Spain’s Repsol to undertake joint exploration and production of hydrocarbons. The contract stems from a memorandum of understanding signed by the three companies on September 28, 2022. The contract entails an ambitious work program, which includes several key projects. Among them are the construction of an LPG (liquefied petroleum gas) extraction unit, the drilling of twelve oil wells, and
The government of Angola, represented by the Ministry of Energy and Water, has committed to providing electricity to approximately six million people in the southern and eastern regions of the country within the next five years. This initiative is part of a broader government strategy aimed at granting energy access to half of the country’s total population by 2025. The plan involves utilizing the 520 MW Capanda Dam, located in Malanje province, to supply power
The International Monetary Fund (IMF) expects the non-oil sector of Saudi Arabia’s economy to maintain strong growth momentum in 2023, according to a report by the financial agency. The IMF projects that the overall real growth in Saudi Arabia will be lowered to 2.1% in 2023 due to the production cuts implemented by OPEC+. However, the non-oil sector is expected to continue growing at an average rate of 5% and remain above its potential. The
The Gulf region, known for its abundant crude oil reserves, is currently undertaking several refinery projects aimed at boosting the refining and petrochemicals industry. These projects, with a combined investment of over $40 billion, are expected to have a significant impact on the region’s economy. Here are the top five ongoing refinery projects in the Gulf region: These ongoing refinery projects in the Gulf region highlight the significant investments being made to meet domestic demand,
Dr. El-Markabi will deliver an international ministerial address during the summit’s opening ceremony on 15 June in Juba. Egypt has been a strategic partner for South Sudan, offering support and collaboration through various knowledge-sharing and project development initiatives. The participation of Hon. Minister Dr. El-Markabi at SSOP aims to strengthen the bilateral relationship between the two countries and promote cooperation in the oil, gas, and infrastructure sectors. The article also mentions that South Sudan’s partnerships
GE Gas Power has announced a major boost to Iraq’s power generation capacity through a partnership with the Ministry of Electricity. In the first half of this year, the company successfully serviced and upgraded 1400 megawatts (MW) of gas turbine capacity across the country. The aim of this strategic move is to enhance power generation capabilities and improve the efficiency and performance of the units, particularly in preparation for the peak summer demand. The Khor
ExxonMobil, the multinational oil and gas company, has announced its plans to expand its upstream investments in Egypt. Amr Abou Eita, Chairman and Managing Director of ExxonMobil Egypt, revealed that the company intends to increase its upstream exploration activities in the country. Simultaneously, ExxonMobil aims to grow its Mobil service stations network throughout Egypt. In addition to its focus on upstream operations, ExxonMobil also expressed interest in exploring opportunities related to low-carbon solutions. This indicates
