Energy News
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Centamin drilling intersects gold mineralisation in Egypt
Centamin has announced the results of its maiden drill programme on the company’s Eastern Desert Exploration (EDX) landholding in Egypt.
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Centamin propels modern mining rules in Egypt
Egypt’s current mining regulation was based on profit sharing with the government.
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Egypt’s state-owned oil companies to invest over EGP 23 bln in FY2024/2025: Minister
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July.
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Egypt Encourages Increased Car Conversions to Natural Gas, But Is it Environmentally Safe?
As of April, Egypt successfully converted 500,000 vehicles, marking a significant milestone.
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Gold prices in Egypt could decline on high-yield CDs, geopolitical de-escalation: FEDCOC
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to the decline.
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Beltone, Evolve Holding launch new gold investment fund
As a result, gold prices reached an all-time high of $2,078 per ounce in 2023, representing a 15 percent year-on-year increase.
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Egypt’s Mine Gold Reserves Reach 25 Million Ounces
With the majority being mined in Sukari in the Eastern Desert, Egypt’s annual gold production rates are about 15.8 tons.
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Egypt Eyes 10GW Solar Project
The Chinese state firm will “begin preliminary studies and measurements to develop a solar energy project, with a capacity of 10GW".
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Egypt’s Milestone Wind Project: Creating Jobs and Powering a Million Homes in 25-Year Deal
This project aims to be the largest of its kind in the Middle East and one of the world’s largest onshore wind projects.
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bp lets offshore Egypt deepwater contract
bp PLC has let a contract to DeepTech for delivery of rig support ROV services for the West Nile Delta development offshore Egypt.
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Beltone to launch gold fund in Egypt
The FRA has established a regulatory framework specifically for investment funds in metals.
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Large Gold Deposit Discovered in Egypt
Martin Horgan, the CEO of Centamin, has revealed a substantial gold deposit discovery in eastern Egypt.
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Egypt’s gold reserves at mines hit 25 mln ounces
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag.
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Egypt, Saudi Arabia sign MoU for mineral exploration
Alkhorayef affirmed the joint commitment to strengthen collaborative mining efforts and facilitate the private sector’s investment in mining.
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ACWA power, Hassam Allam Utilities partner for $1.5 billion wind power project
Secured for up to 25 years, the ACWA Power led consortium will help secure financing and find land for a massive new wind farm.
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SDX Energy: Major partnerships and asset sales in Morocco and Egypt
SDX Energy secures key partnerships and asset sales in Morocco and Egypt, enhancing operations and financial position significantly.
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Centamin's eastern Egyptian maiden drilling reports strong results
Centamin PLC on Tuesday said that its eastern Egyptian desert exploration programme had yielded an "encouraging set of maiden drill results".
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Egyptian agritech company unveils soilless solution to water shortage
An agritech company in Egypt has introduced a soilless solution to the water shortage that has affected farmers across the country.
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Egypt gold market between highs and lows
Understanding the dynamics at play sheds light on Egypt's unique gold market situation. Here are some key insights into Egypt's gold price state.
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Dragon Oil Starts Production at Egypt’s Al Wasl Field
The company aims to connect the second well – located south of the Belayim 293-5A well – by mid-January 2024.