Energy News
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Egypt launches EGP 1.7bn recycling projects
Egypt has launched two major recycling initiatives worth EGP 1.7bn, marking a significant step toward greener industry and reduced import reliance.
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€10M EU Contribution Fuels Egypt-Greece Power Link
To support solar energy scalability, the ministry aims to deploy energy storage systems with a combined capacity of 3,500 megawatts.
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EGAS Signs MoU with ExxonMobil
The MoU will encourage ExxonMobil to develop an integrated development plan if exploratory drilling activates lead to positive results.
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AXA Egypt launches first gold investment fund
AXA Egypt has a broader strategy to deliver integrated offerings that cater to a diverse client base seeking secure, return-driven investment tools.
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Transforming EMRA Into Economic Entity to Make Egypt Mining Hub
Badawi stressed the importance of integrating and strengthening cooperation between the parliament and various state institutions.
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Egypt & UAE’s Othman International Launch Green Industrial Ventures Worth LE 1.7 Billion
With a capital of EGP 1 billion, the project is expected to bridge the local supply gap and export around 80% of its output.
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Egypt seeks deeper cooperation with Saudi Arabia in oil sector
Egypt-Saudi Arabia electrical interconnection project is a model for broader Arab electrical integration.
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Egypt launches ambitious 75 drilling program to boost oil output in Ras Gharib
The year-long initiative aims to drill 75 new wells, with the goal of adding around 7,500 barrels of crude oil per day.
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Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Authorities maintain close oversight of Zohr’s development to ensure timely execution.
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Goldwind completes 500MW Red Sea wind farm in Egypt
The wind farm is expected to supply electricity to over one million households, contributing to Egypt’s renewable energy targets.
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Gold prices soar to historic high in Egypt
This surge is part of an upward trend that has characterized the local gold markets since the beginning of the year.
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Chevron, Others Exit Egypt’s Red Sea Concessions After Making No Finds
Egypt awarded oil and gas exploration concessions in the Red Sea for the first time to Chevron.
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Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt
Egyptian government provides full support to its partners, enabling them to carry out their work and overcome difficulties and challenges.
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Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Zohr Phase 3 adds 1T cubic feet in gas reserves by 2028 via a floating unit, enhancing energy security and investment prospects.
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Egypt Launches Intensive Program to Drill 75 Oil Wells in Eastern Desert
A 12-month plan by Egypt’s General Petroleum Co. to drill 75 wells aims to boost daily output by 7,500 barrels.
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Egypt’s largest wind farm begins operations ahead of schedule
The largest operational wind farm in Africa is being developed by the Red Sea Wind Energy consortium under a 25-year build-own-operate scheme.
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Egypt allocates EGP 150 bln for petroleum subsidies in FY25/26
The Egyptian government has allocated EGP 150 billion for petroleum subsidies in its upcoming fiscal year's budget.
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Petroleum Ministry: No further price adjustments will be made for at least 6 months
Egypt’s Petroleum Ministry confirms no further fuel price adjustments, aiming to stabilize the market amid economic shifts and ease consumer pressure.
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Egypt announces 3 new oil, gas discoveries in Western Desert
Egypt unveils three significant oil & gas finds in the Western Desert, boosting energy prospects and enhancing resource reserves
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Egypt Raises Fuel Prices Again in Latest Subsidy Cut
Amid subsidy cuts, Egypt hikes fuel prices, aiming to reduce fiscal burdens and recalibrate market dynamics in a challenging economic climate.