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Egypt

Empower delivers solar power plant for L’Oréal Egypt and secures regional foothold
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes
Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.

Eco Wave Power completes installation of pilot project at the Port of Los Angeles

Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
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OPEC+ Cuts Production Despite Higher Quotas in July
OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.
IAEA Dispatches Envoy to Tehran to Negotiate New Nuclear Framework
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.

Vaalco Energy posts net income of $8.4 mn in second quarter 2025

The US oil company recorded sales and production above its forecasts, despite lower crude prices and reduced profit compared to 2024.
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ISRAEL: NewMed Energy signs historic $35bn gas deal with Egypt through 2040
The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
Japanese refiners face critical challenge of Middle Eastern oil dependency
Record Gulf crude imports expose structural vulnerabilities of Japanese refining amid rising geopolitical tensions and Asian competition.

OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes

The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
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BP discovers major offshore field in Brazil, its largest find in twenty-five years
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
Shell launches a share buyback programme after a 23% drop in net profit
Shell’s half-year net profit falls to USD8.38bn as the group announces a new share buyback programme, amid lower hydrocarbon prices and ongoing cost reductions.

The MENA renewable energy market will reach USD59.9 bn in 2030 driven by hydrogen and solar

Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.
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Eco Wave Power installs its first wave energy floaters at the Port of Los Angeles
Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
Egypt accelerates oil arrears payments to revive gas sector
The Egyptian government has paid over $1 billion to oil majors to secure natural gas production and restore international investor confidence.

OIES maintains its Brent price forecast and adjusts oil market surplus projections

The Organization of the Petroleum Exporting Countries (OIES) confirmed its Brent price forecast at 69 USD/b in 2025 and 67 USD/b in 2026, while adjusting its 2025 surplus forecast to 280,000 barrels per day.
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Asia-Pacific LNG physical market jumps 86% year over year despite geopolitical tensions
LNG trading volumes in the Asia-Pacific region reached 1.24 million tonnes, driven by summer demand and rising participation, despite a 21% monthly decline linked to geopolitical uncertainty.
AMEA Power commissions Egypt’s first large-scale battery energy storage system
AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.

Bahrain signs civil nuclear agreement with the United States and announces $17bn in public investments

Bahrain has concluded a civil nuclear agreement with the United States and formalised a commitment of $17bn in public investments in the US market, further strengthening bilateral cooperation.
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OPEC Cuts Forecasts but Anticipates Rising Oil Demand
OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
Drone attacks disrupt five oil fields in Iraqi Kurdistan within one week
Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.
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Washington extends emergency orders to strengthen Puerto Rico’s power grid
SolAmerica Secures $100 Million from Deutsche Bank for Solar Projects
Washington strengthens ties with Pakistan over minerals and hydrocarbons
U.S. Court Halts Transfer of 51% of YPF Shares to Creditors
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
Egypt: fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.
Israel strikes Iran, uncertainty over US nuclear negotiations in Oman
Israeli strikes against Iranian nuclear sites disrupt US-Iranian talks on the nuclear deal. Tehran now considers canceling the upcoming negotiation round in Oman, heightening regional economic concerns.

Israel Strikes Iranian Nuclear Facilities After Critical Uranium Enrichment Levels

Facing alarming breaches of uranium enrichment thresholds by Iran and explicit existential threats, Israel launches targeted military strikes against Iranian nuclear infrastructure, escalating regional tensions dramatically.
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Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.
Global carbon coverage reaches 28%, compliance demand triples
Global emissions coverage by carbon pricing systems reaches 28%, driven by expanding compliance markets, where demand nearly tripled within one year, according to a World Bank report.

Israel identifies 165 key companies in the 2025 energy tech landscape

The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
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Israel launches strategic forum to structure its fusion energy industry
nT-Tao hosts the first Israel Fusion Forum to establish a national industrial ecosystem in a global sector valued in the trillions of dollars.
Enlight secures $310mn to develop Spain’s largest hybrid power complex
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.

Trump Rejects Any Uranium Enrichment by Iran, Moscow Supports Tehran

Donald Trump firmly rejects any uranium enrichment by Iran, while Russia affirms Tehran’s right to civil nuclear power, intensifying tensions in negotiations over the Iranian nuclear program.
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African Debt: Why Investors Must Anticipate Immediate Climate Impacts
African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
Egypt authorises four private producers to supply 400 MW of electricity to industrial clients
Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.

AMEA Power commissions Africa’s largest wind power plant in Egypt

AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
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Sino-Egyptian energy deals worth $1.8bn signed during Cairo summit
China and Egypt concluded over 30 energy-focused agreements, including electric vehicles, smart grids and storage technologies.
Energean exits Moroccan offshore after gas drilling yields mixed results
Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.

OPEC+ Opens the Taps, IEA Forecasts Rebound in Global Oil Stocks

The International Energy Agency forecasts a significant rise in global oil stocks due to slowing demand in developed economies and OPEC+'s gradual production increases starting in 2025.
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Trump aims for $1 trillion investment pact with Riyadh despite tensions
The US president begins a state visit to Saudi Arabia focused on an ambitious economic partnership, sidelining Saudi-Israeli normalisation due to the Gaza war.
Eco Wave Power reduces losses and expands wave energy projects across four continents
Eco Wave Power reduced its net loss by 4.2% in Q1 2025 and secured new agreements in the United States, Portugal, India, and Taiwan, continuing its global expansion in wave energy.

The €4.2bn electricity project between Egypt and Greece takes shape

The Gregy-Elica submarine interconnection aims to deliver green electricity from Egypt to Greece, with confirmed support from the European Union and strengthened bilateral commitments.
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Putin calls for a regulated nuclear deal between Washington and Tehran
Russia positions itself as an active supporter of nuclear talks between Iran and the United States, advocating for a balanced legal framework in line with international law.
ExxonMobil signs gas exploration deal with Egypt for two offshore blocks
Egypt signed a memorandum with ExxonMobil to restart natural gas exploration in the Mediterranean on the Cairo and Masry blocks amid a sharp decline in domestic production.
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