The two countries started implementing an agreement signed at COP27 to work together on renewable energies, particularly green hydrogen. Germany pledged to disburse USD 276 million to support Egypt in the sector.
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Petrobras started testing an equipment that mensurates the speed and direction of the winds at the ocean so that Brazil can produce wind power in offshore parks.
The ambassador of Morocco to Brazil, Nabil Adghoghi (pictured), writes article on how his country has implemented the energy transition in the fertilizer sector. Morocco is one of the world’s leading suppliers of fertilizers, a key component of the global food security.
The secretary-general of the Arab Brazilian Chamber of Commerce, Tamer Mansour, stated he sees the Arab countries as potential financers of extensive projects aimed at renewable energy, the environment, and climate.
The Saudi company’s earnings totaled USD 48.4 billion, surpassing forecasts of USD 46.2 billion.
The Egyptian government launched a strategy to save energy in the country. The goal is to generate more natural gas surplus for exports, favoring the inflow of foreign currency.
Projects aim to increase wind and solar energy capacity in the Middle East and North Africa from 12.1 to 73 GW by 2030. Oman, Morocco, Algeria and Kuwait have some of the most ambitious plans.
Statement was given by Suhail bin Mohammed Al Mazrouei, minister of Energy and Infrastructure of the Gulf country, and reported by WAM.
The Arab country invites investors to participate in the event that will take place from May 15 to 16 in Damascus.
According to the Ernst & Young index, the United States and China occupy the top positions in ranking the most attractive countries for investment in the sector, while Morocco and Egypt are at the forefront among Arab nations.
Despite a 5% increase in 2020, progress was below previous years, held back by the pandemic.
Brazil’s lower house approved a bill that changes natural gas exploration and distribution. It will now be signed into law by the president.
A request for bids is out for construction of a wind farm in Aleppo and for procurement of a natural gas turbine. The deadline is January 20, 2021.
