Energy

Egyptian Minister of Petroleum Tarek El-Molla said that the ministry reached a total of 12 agreements during the period of the coronavirus pandemic, with a minimum investment of about $1.4 billion, to drill 23 wells in nine regions in the Mediterranean and three regions in the Red Sea, pointing out that three further agreements are to be signed soon.

The Saudi leading energy company, ACWA Power, will develop Azerbaijan’s first wind power development in collaboration with local entities, in three deals that could herald further joint energy projects between the two countries.