Egypt
Egypt condemns Knesset's bill banning UNRWA in Israel
Egypt condemned the Knesset's approval of two bills that limit the work of the UNRWA describing the move
1 min read
The proposed Africa Energy Bank, focusing on oil and gas ventures across the continent, is set to kick start later this year, with an initial authorized capital of $5 billion.
The bank, a partnership between Afreximbank and the African Petroleum Producers Organization (APPO), is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.
Each African member country is expected to contribute a minimum of $83 million for a total of around $1.5 billion.
Read next
Libya
Major oil companies return to Libya after a decade away
According to a statement by the National Oil Corporation (NOC)of Libya, Italy’s Eni has resumed exploratory drilling in
Sudan
South Sudan to resume oil exports through Sudan within days, official says
South Sudan will restart crude oil exports through Sudan's port in the coming days after repairs to a
Morocco
Morocco increases reliance on US for butane imports amid rising demand
Morocco’s butane gas imports surged in the first half of 2024, reaching 1.4 million tons, up from 2
Egypt
Egypt lowers 2040 renewable energy target; stays focussed on natural gas
Egypt has reduced its 2040 renewable energy target from 58% to 40%, Petroleum Minister Karim Badawi said Sunday according to