Energy News
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Egypt's parliament passes generous green hydrogen subsidy law
Companies can get 55% tax credit on H2 projects, if they meet strict requirements on foreign financing and local content.
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Egypt Launches First Production Well in North Safa Oil Field
A second well, currently under construction, is anticipated to be completed by mid-January, which will boost the field’s output to 6,000 barrels.
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United Oil & Gas PLC announces successful drilling of ASD S-1X well in Egypt
United Oil & Gas PLC successfully drills ASD S-1X well in Abu Sennan; awaits Egypt's approval for commercial production commencement.
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Small-cap stock jumps after it commissions its recycling plant in Egypt
The post-consumer recycling (PCR) Plant in Egypt having installed a capacity of 18000 MT per year.
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Egypt ranks 22nd in global climate change performance index
Egypt came second in the Middle East and North Africa, following Morocco, the IDSC added.
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Supply Min. Seizes 84 kilograms of Counterfeit Jewelry in 2023
The Ministry of Supply and Internal Trade has issued 282 violation reports related to the control of markets dealing with precious metals.
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Egyptian billionaire Ahmed El-Sewedy’s firm on track to finish $2.9 billion Tanzanian dam
Elsewedy Electric's CEO Ahmed El-Sewedy announces impending power generation in mid-February 2024.
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Egypt set to launch mining portal for investors
This platform is designed facilitate investment opportunities for those interested in setting up minerals project in Egypt.
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Egypt signs €135M deal with EIB for sustainable green industry project
The project aims to support the green transformation in the industrial sector by implementing climate change and environmental sustainability measures
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With $125M investment… Egypt places 1st well of 'North Safa' field on production map
The first phase of early production in the 'North Safa' field was executed by an Egyptian consortium, comprising "Eni, Petrojet, and Marine Petroleum.
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Toshka lakes have been growing for the last 5 years
The Toshka Lakes appear due to periodic overflow of Lake Nasser (dark water body to the east/right of the Toshka Lakes)
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Egypt's petroleum sector thrived in 2023, here's how
Egypt has sealed 29 agreements valued at an impressive $1.2 billion for oil and gas exploration.
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Top 10 petroleum service companies in Egypt
Petroleum service companies provide a range of specialized services to the oil and gas industry, including engineering, procurement, and drilling.
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Egypt Signs MoU with Chinese Company to Establish 10 GW Solar Power Plant
The solar energy project, for which the memorandum of understanding was signed, will produce about 29,784 gigawatt-hours of clean energy annually.
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Egypt's Transport Ministry gets approval from Cabinet for $3B green hydrogen project
The proposed project will be strategically located near the Jarjoub sea port and the Jarjoub Special Economic Zone.
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Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea Assets
This amount includes the outstanding bonds of Wintershall Dea, with a nominal value of around $4.9 billion that will be transferred to Harbour.
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Egypt, China to produce solar power, semiconductors
The prime minister affirmed Egypt's active commitment to fostering its renewable energy industry.
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Dahab Masr, Blnk partner to create new gold investment opportunities in Egypt
Through the Blnk application, Dahab Masr’s customers will be able to purchase gold bars and coins through a variety of instalment options.
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Gold Prices in Egypt Soar, Reaching 3050 EGP per Gram
In a significant development, the price per gram of gold in Egypt reached 3050 Egyptian pounds on Sunday, December 24, 2023.
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Irrigation Min. Discusses with EBERD Rehabilitation of Kitchener Drain, Water Resources Management
The project components include implementing protection and strengthening works for the bridges of the Kitchener Bank and its branches.