Mohamed Shoeib, CEO of the energy division at Citadel Capital, thinks that subsidies that countries like Saudi Arabia provide Egypt with are not a solution
Category: News
Iron Giant Companies to Weather the Flood of Supply
Iron ore prices have gone down 30 percent since the beginning of this year, which has made some iron-centred firms cut down on their activity.
Siemens Makes World’s 1st Vegetable Oil Power Transformer
The German group Siemens has managed to make the world’s first power transformer, insulated and cooled using vegetable oil. The special feature of this environmentally
Mesa Exploration’s Permit to Develop Potash Mine in Utah Rejected
Utah can be considered as one of the hubs for potash mining in the United States. As one of the few potash-producing US states, Utah
Vietnam Set to Bolster Its Mining Sector
The current government of Vietnam is seeking foreign investors to bolster its mining industry. Legislators are looking into the reforms to be introduced to encourage
India’s RIL Stops Investment in R&D
India’s Reliance Industries Ltd (RIL), country’s largest private sector enterprise with businesses in the energy and materials value chain, has decided to stop its investment
Israel in Oil Business Talks with Egypt
The leadership of Israel’s giant oil company, Leviathan, said that they had signed a preliminary agreement with British oil and gas firm, BG Group, to
Allana Likely to Remain Africa’s Only Potash Producer
That Allana Potash has recently received a “buy” recommendation from brokers Whitman Howard, based in London, which is quite a rare ‘phenomenon’ these days in
Washington Relaxes Oil Export Restrictions
The United States has provided two oil companies – Pioneer Natural Resources Co and Enterprise Products Partners – with permission to export oil, which could
Chile Unlikely to be Hit by Energy Crunch
Chilean President, Michelle Bachelet, is doing her utmost to allay concerns that her country might be eventually squeezed by energy crunch. She has already informed