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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.

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.
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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.
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.

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.
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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.
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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European Union struggles to agree on new Russian oil price cap
Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.
Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.

Saudi Aramco Sharply Raises Crude Prices for Asia in August

Saudi Aramco increases its oil prices for Asia beyond initial expectations, reflecting strategic adjustments related to OPEC+ production and regional geopolitical uncertainties, with potential implications for Asian markets.
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Liberian-Flagged Bulk Carrier Attacked in Red Sea, Israel Strikes Back in Yemen
A bulk carrier operated by a Greek company sailing under a Liberian flag suffered a coordinated attack involving small arms and explosive drones, prompting an Israeli military response against Yemen's Houthis.
Egypt accelerates El-Dabaa national grid connection for 2026
Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.

Iran: Oil Dependence Limits Alliances with Moscow and Beijing

Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.
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ENGIE launches largest wind farm in Africa and Middle East in Egypt
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Development banks: $19.6bn invested in water-related projects in 2024
Ten multilateral development banks have approved global financing of $19.6bn for water-related projects in 2024, mainly aimed at low- and middle-income countries, according to a recent joint report.

Egypt strengthens energy cooperation with six Chinese groups at Shanghai summit

Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
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Egypt launches $200mn industrial solar complex at Ain Sokhna
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
Globeleq launches South Africa’s largest energy storage facility
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
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Valmet signs a national agreement to provide valve services to Petrobras
NRN raises $67.2m to accelerate its distributed energy platform in Australia
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
Eleven US companies selected to fast-track small nuclear reactor testing
Oklo selected for three pilot projects by U.S. Department of Energy
Geopolitical instability causes oil prices to soar
Tensions between Israel and Iran caused a significant rise in oil prices, the highest since October.
Hausse pétrole tensions Iran Israël
United States: DoE suspends oil purchases for Louisiana SPR
The US Department of Energy suspends the planned purchase of 3 million barrels of oil for the Strategic Petroleum Reserve (SPR) in Louisiana, adjusting its strategy in the face of high crude prices.
Annulation achat pétrole DOE SPR

Oil at five-month high

Oil prices hit a record high, propelled by supply concerns and tensions between Israel and Iran.
Hausse pétrole avril 2024 tensions Iran Israël
Africa’s energy transition: Gas takes over from oil
Africa, historically known for its oil resources, is now turning its energy sector towards natural gas.
Afrique transition pétrole à gaz
Houthis threaten to attack Saudi oil installations
The Houthis have warned Saudi Arabia of a possible target, should it assist the US-led coalition's attack on Yemen.
Menace Houthis pétrole Arabie Saoudite

EU and Egypt: 7.4 billion euro strategic pact

In the midst of an economic crisis, Egypt is receiving 7.4 billion euros in financial support from the EU, in the form of loans, investments and grants.
Partenariat UE-Egypte mars 2024
Decline of oil and fall of natural gas in 2023
In 2023, global energy markets experienced a surprising dynamic: a significant drop in oil prices and a drastic fall in natural gas prices.
ACWA Power: 4 billion agreement with Egypt
ACWA Power embarks on a $4 billion project to develop green hydrogen in Egypt, targeting annual production of 600,000 tonnes of green ammonia.

Tensions in the Red Sea continue to impact oil prices

Tensions in the Red Sea continue to exacerbate oil market volatility, with significant repercussions on world prices.
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TAQA and Cyprus on the road to a New Energy Era in the Mediterranean
TAQA signs a Memorandum of Understanding with Cyprus and Greece, marking a strategic turning point in energy interconnection and the green transition in the Eastern Mediterranean.
Middle East tensions push up oil prices
Recent attacks on ships in the Red Sea by Houthi militants in Yemen have triggered a significant rise in oil prices, revealing the direct impact of geopolitical tensions on global energy markets.

Uranium: Soaring Prices, New Nuclear Era

Faced with limited supply and growing demand, the price of uranium reached its highest level in 17 years, signalling a global revival in nuclear power.
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Nuclear: Between Ambitions and Contrasting Realities
Nuclear power is regaining popularity in the face of the climate crisis. However, a recent report highlights the limits of its expansion, dominated by China and Russia.
Centrale nucléaire en France
7 countries join the PPCA for a coal-free future
Seven countries, including the USA and the Czech Republic, commit to eliminating coal-fired power generation by 2030, marking a decisive turning point in the fight against climate change.

Scatec ASA and EEHC seal Solar Project Agreement in Egypt

At COP28 in Dubai, Scatec ASA underlines the crucial importance of investment in renewable energies, particularly in emerging markets, to combat climate change.
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Gas exploration: Turkey, Greece and Israel at odds
Turkey's gas ambitions are intensifying territorial conflicts in the Mediterranean, jeopardizing a crucial cable project.
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Gas Agreement: Strengthening Israeli-Egyptian Relations

The UAE-Israel oil deal: a geopolitical revolution?

The normalization of ties between the United Arab Emirates (UAE) and Israel raises crucial questions about the oil agreement and the Eilat-Ashkelon pipeline. This potential agreement, which would make it possible to bypass the Suez Canal, could have major implications for oil supply routes in the Middle East, redrawing the region's strategic balance.
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