Energy News
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Petroleum min. underscores need for promoting investment areas in southern Egypt
He also stressed the importance of supporting human resources in the sector through training programs.
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Egypt Signs Oil and Gas Exploration Deals Worth More than $121 Million
The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about $46 million, $40.5 million and $35 million respectively.
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Egypt signs $121m oil, gas exploration agreements
Egypt has signed three exploration agreements worth over $121 million with Parenco Egypt, Dragon Oil and Apache to drill new wells.
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Egypt to add 200kg of seized gold to Central Bank’s reserves: Public Prosecution
The gold, seized in legal cases and refined at the prosecution’s expense, will be added to the Central Bank of Egypt’s (CBE) stockpile.
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Energean Says Its Egyptian Platforms Hold 3 Trillion Cubic Feet of Gas
Energean, through Energean Egypt, maintains and operates a full-cycle production, development, and exploration portfolio.
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Subsea7 Awarded Major Offshore Contract for Saudi Aramco Project
Project management and engineering will begin immediately from Subsea7’s offices in KSA and the United Arab Emirates (UAE).
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Egypt adds two offshore gas wells with 60 million cubic feet daily capacity to boost domestic supply
Egypt adds two new Mediterranean natural gas wells to the production map, supporting domestic gas output and reducing the consumption gap.
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Egypt’s petroleum sector cuts import bill by $3.5 B
Egypt's petroleum sector saves $3.5B from import bill by securing sufficient gas supplies to meet domestic demand during summer peak.
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Elsewedy Electric Signs $2.5B Investment Deal with Algeria’s AAPI
Elsewedy Electric signs historic $2.5B investment agreement with Algeria's AAPI for industrial projects and sustainable development.
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No electricity price hike: Egypt’s Prime Minister
PM Madbouly confirms no electricity price hikes are planned; the government focuses on reducing domestic debt to unprecedented low levels.
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Egypt ‘Will Not Be Impacted’ by Cancellation of Israeli Gas Deal, Says SIS Head
Rashwan described Israeli Prime Minister Benjamin Netanyahu’s threats to shelve the multi-billion-dollar gas deal with Egypt as political pressure.
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Egypt, Sudan worry about water as Ethiopia's mega dam opens
Ethiopia has high hopes for its Grand Ethiopian Renaissance Dam, which is expected to double the nation's electricity capacity.
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Badawi Outlines Egypt’s Strategy to Attract Investment, Secure Local Needs at Gastech 2025
A comprehensive package of measures, including investment incentives and the settlement of foreign partners’ receivables is also essential.
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BP signs preliminary deal with Egypt's EGAS to drill five Mediterranean gas wells
Egypt, once a regional exporter, has increasingly turned to imports to meet rising domestic gas demand as output declines from aging fields
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Egypt opens its desert as miners test the terms
Egypt targets a sixfold increase in mining's GDP share, courting global miners with the Arabian-Nubian Shield's underexplored gold and base metals.
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Egypt, Cyprus to accelerate gas field link, aim for exports to Europe
Egypt and Cyprus accelerate the Kronos gas field link to Egyptian infrastructure, targeting European gas exports by 2027 as a regional hub.
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Egypts slams Israeli threats as gas agreement hangs in the balance
Egypt slams Israeli threats over gas agreement suspension, with an Egyptian official saying Israel needs the deal more; Egypt has alternatives.
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Egypt plans to increase renewable share in its power mix to 20% by 2026
To enhance its regional role as an energy hub, the country aims to increase the its interconnection networks to 3.9 GW (currently at 780 MW).
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China Energy Engineering Corporation plans to invest $1bln in Egypt over 5 years
China Energy Engineering Corporation is seeking to invest $1 billion in Egypt over the next five years, according to a statement.
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Egypt oil firm achieves AI-driven discoveries, boosts reserves
The company added reserves of about 62.4 million barrels of oil equivalent in a mature area where production had been suspended for many years.