Bangalore. Israel Corporation Limited (TLV:ILCO) (Tel Aviv, Israel), a subsidiary of the Ofer Holdings Group (OHG) (Tel Aviv, Israel), plans to ramp up power generation capacity to about 800 to 1,200 megawatts (MW) per year, at an estimated investment of more than $1 billion. The three-fold capacity expansion plan will put Israel Corporation at the top position among private power producers in the country.

Egypt - Sea Dragon Energy has entered into an Alliance Agreement with Tanmia Petroleum Company. Under the terms of this Alliance Agreement, Sea Dragon and TPC will have the exclusive right to jointly appraise, develop and produce hydrocarbons from certain undeveloped and under-developed oil and natural gas opportunities located in the Arab Republic of Egypt.

Cairo. Independent explorer Kuwait Energy Company (KEC) discovered a new oil well in the northern area of Burg El-Arab (BEA) field in the Egyptian western desert, one of its producing assets in Egypt’s Western Desert.

Cairo. Dana Gas said Sunday it had made two new gas discoveries in Egypt, finds that will further boost the United Arab Emirates-based producer's extensive holdings in the country.