Energy News
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AMEA Power progresses with 500-MW solar project in Egypt
The Abydos Solar Power Company (ASPC), which is wholly owned by AMEA Power, is managing the construction and will own and run the solar power plant.
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Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields
This is part of a consortium leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.
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Water & food security projects top economic & social development plan in Egypt FY2024/25 budget
The government intends to construct 471 drinking water stations and 248 sewage treatment stations and increase housing units to 337,000 residentials.
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France, EU sign €61.5 mln financing agreements to develop Egypt’s Yellow River Water Treatment Plant
France and the European Union (EU) have signed 61.5 mln euro financing agreements to support the development of the Yellow River Water Treatment Plant
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Egypt starts repaying up to $1.5 bln in oil company arrears, sources say
Egypt began accumulating arrears to companies and contractors during a long-running foreign currency shortage.
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Onshore wind power: Amea launches work on a 500 MW field in Ras Ghareb, Egypt
UAE-based IPP Amea Power is completing the installation of the first wind turbine in its Amunet wind farm in Egypt's Gulf of Suez.
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Egypt ranks 2nd in CCPI index thanks to investment in renewables
The index data attributed this advanced ranking to the fact that Egypt has taken measures to invest in large-scale renewable energy projects.
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Egypt, Bahrain probe boosting cooperation in petroleum field
Zainal stressed the importance of working on fostering cooperation in new activities that reinforce integration between the two countries.
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Molla: Oil products market in Egypt promising, growing
The petroleum products marketing market in Egypt has many advantages with promising opportunities, growth, and development.
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Gold Prices in Egypt: Calls for Fair Pricing Amid Unjustified Increases
The price for a gram of 21-carat gold stands at EGP 3020, reflecting a subtle increase from the end of last week.
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EBRD launches plan to transform 6th of October into a green city
The plan is set to be implemented by the relevant government agencies and the 6th of October City Authority.
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IDSC: Egypt ranks 22nd in 2024 climate change performance index
Egypt came in the second place following Morocco in the Middle East and North Africa, the IDSC added in a statement.
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Egypt Plans For Gas Shortage By Lining Up FSRU
Even during the current demand off-season, Egypt is close to slipping into a gas deficit despite continued imports of around 1bn cfd from Israel.
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Agiba Petroleum Company to pump $500M in Egypt during FY24/25
Agiba is aiming for a daily production rate of approximately 30,000 barrels of crude oil and 119 million cubic feet of natural gas during FY24/25.
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Hurghada goes green: A sustainable transformation on the Red Sea
Egypt's Hurghada, a coastal gem nestled along the Red Sea, is set to undergo a remarkable ecological makeover to be a sustainable living hub.
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After many postponements, Fuel prices are up by EGP 1
In a move to address mounting economic pressures, Egypt has announced a hike in fuel prices by LE 1 across all gasoline types.
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Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia
The establishment of the new company is part of the petroleum ministry’s strategy and Modern Gas’ plan to expand abroad.
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EGP 99.6bn allocated for petroleum sector development in 2023/24
El-Said highlighted that Egypt Vision 2030 identifies the petroleum sector as one of seven key areas driving economic growth.
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Major Gulf bourses up on strong oil prices; Egypt extends slide
The index encountered a technical glitch earlier in the day displaying inflated gains, before the issue got fixed towards the end of the trading.
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14 Egyptian companies showcase at Xiamen Stone Fair: EECA
Regarded as a pivotal event for the marble and granite industry, the Xiamen Stone Fair serves as a key networking hub for a vast array of investors.