Energy News
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Egypt's new rules for brokerage firms in carbon market explained
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Egypt to implement $750M two renewable energy projects by October
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
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Egypt water projects receive 19% of concessional development financing
Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
This comes as Saudi Arabia and Egypt deepen their energy cooperation, with Egypt signing a $4 billion deal with Saudi Arabia’s ACWA Power in December.
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).
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Fertiglobe to export green ammonia from Egypt to Europe, securing contract worth €397M
Fertiglobe has secured a contract valued at €397 million to supply green ammonia to the European Union.
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Egypt’s Natural Gas Production Sinks to Six-Year Low
Egypt has been exporting LNG to Europe, but it usually halts these exports during the summer months, to meet soaring electricity demand.
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7 Facts about Egypt's new mining portal
Egypt is planning to digitize part of its mining industry with the launch of a new digital platform, "Egypt’s Mining Portal," by the end of 2024.
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Egypt and Norway: A green partnership for the future
Norwegian ambassador Hilde Klemetsdal announced that Norwegian companies are expanding their investments in Egypt.
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Egypt to launch online platform to boost mining industry
Egypt is set to launch a digital platform titled “Egypt’s Mining Portal” by the end of 2024 to serve as a primary catalyst for mining investment.
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Emirati AMEA Power to implement 500-megawatt solar power project in Egypt
In addition to solar power, the projects also include the installation of 1,500 megawatts of combined solar and wind power capacity.
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No new customs duties on gold imports
The Egyptian Customs Authority (ECA) denied in a statement on Tuesday imposing new customs duties on gold imports by Egyptians returning from abroad.
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Egypt, Jordan discuss boosting cooperation in fields of petroleum, mineral wealth
The Egyptian minister said Egyptian-Jordanian ties are historic, adding that Egypt is looking forward to further promote bilateral cooperation.
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New LNG shipments arriving at port of Sokhna
The Egyptian Ministry of Petroleum and Mineral Resources is set to receive two shipments of liquefied natural gas (LNG) at the Port of Sokhna.
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Centamin CEO Projects 5 Million Ounces of Gold Extraction in Egypt Over Next Decade
Egypt is competing with several countries to attract investments to its mining sector due to its political and security stability.
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Gold Prices Increase, 21-Karat at EGP 3250
Gold prices witnessed an increase by EGP 5 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3250.