Latest news with #MajdaMuhsen
Zawya
06-05-2025
- Business
- Zawya
Oman's Abraj, Algeria's Sonatrach partner for oilfield services venture
Oman's Abraj Energy Services announced on Tuesday that it signed a term sheet with Algeria's state-owned oil company Sonatrach to establish a joint venture specialising in integrated oilfield services (drilling, workover and well services). The development follows a memorandum of understanding signed by the two companies on 24 April 2024 in Oman's capital Muscat. The MSX-listed Abraj said the strategic partnership with Sontrach includes potential for global expansion. Financial details weren't disclosed. (Writing by Majda Muhsen; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Zawya
06-05-2025
- Business
- Zawya
Iraq, UAE's Masdar discuss fast-tracking 1,000 MW solar projects
Iraq's Minister of Electricity, Ziyad Ali Fadel, held a virtual meeting with officials from the UAE's Masdar on Sunday to expedite solar power projects totaling 1,000 megawatts (MW) in the provinces of Maysan, Dhi Qar, and Anbar. The discussions focused on finalising the power purchase agreement (PPA) and resolving implementation challenges, local Shafaq News reported, citing a statement issued by the electricity ministry. In March 2025, construction started on the OPEC member's largest solar power plant, the 1,000MW Basra Sun, which is being developed by a joint venture of France's TotalEnergies and Qatar's QatarEnergy. Iraq aims to have 20-25 percent share for renewable energy in its electricity mix by 2030. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Zawya
06-05-2025
- Business
- Zawya
Morocco's STAM awarded Casablanca airport enabling works contract
Moroccan engineering and construction firm STAM (Société de Travaux Agricoles Marocaine) has been awarded a construction contract for the new terminal at Mohammed V International Airport in Casablanca, as part of a broader infrastructure upgrade tied to the country's 2030 FIFA World Cup preparations. The company bid 294 million Moroccan dirhams (approximately $29 million) to secure the site preparation and enabling works contract, local Arabic language news portal said The contract marks the start of construction phase of the MAD 15 billion Casablanca airport expansion plan which is scheduled for completion by 2029, one year before Morocco co-hosts the World Cup with Spain and Portugal. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Zawya
02-05-2025
- Business
- Zawya
Iraq's Wasit province issues tender for 3,000 MW renewable energy projects
Iraq's Wasit province has launched tenders for more than 25 renewable energy projects with a combined capacity of 3,000 megawatts (MW), targeting both solar and wind power generation. International companies are invited to submit investment bids starting 4 May 2025, with the submission window open for 30 days, according to an Arabic language news report by The announcement was made during the province's First Conference on the Transition to Clean Energy where investment opportunities were outlined for all districts and sub-districts in the province. The report didn't provide further details. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Zawya
30-04-2025
- Business
- Zawya
Kuwait's Ministry of Electricity plans 2,000 MW solar power plants
Kuwait's Ministry of Electricity, Water and Renewable Energy (MEW) is currently studying an initiative to establish four solar photovoltaic (PV) power plants with a combined capacity of 2,000 megawatts (MW), according to a report by local Arabic language newspaper Al Rai. The project is expected to be implemented within a year - by summer 2026 – to address the country's ongoing electricity shortage, which has persisted since last year, the report said. Quoting informed sources in the ministry, the report said solar power projects require significantly less time to complete compared to fossil fuel-based power plants, which typically take three to four years to build, in addition to at least one year for tendering and awarding contracts. Kuwait's is targeting 15 percent share for renewables in its energy mix by 2030. (Writing by Majda Muhsen; Editing by Anoop Menon) (
