Energy News
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Egypt in discussions with Qatar to secure long-term natural gas contracts
Egypt is discussing with Qatar the possibility of securing natural gas supplies from the Gulf nation through long-term contracts to meet its needs.
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EBRD provides $30 mln for Scatec’s Obelisk solar power project in Egypt
The European Bank for Reconstruction and Development (EBRD) has committed $30 million in equity bridge financing to Egypt’s Obelisk Solar Power.
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EBRD backs Egypt’s first solar and battery storage project
EBRD project falls under Egypt’s Nexus on Water, Food and Energy programme and is expected to reduce CO2 emissions by 1.3 million tonnes per year.
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Egypt offers payouts after faulty fuel confirmed at petrol stations
The Ministry of Petroleum offers up to EGP 2,000 compensation as quality tests uncover five non-compliant gasoline samples across multiple governorate
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Egypt Sets New Record with $3.2 Billion in Gold Exports in Early 2025
January saw $929.5 million in exports, followed by an exceptional $1.804 billion in February.
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Germany, Egypt seal FSRU charter deal
Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.
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Egypt joins consortium to unlock $100 billion opportunity in clean industrial projects
The partnership, announced in Abu Dhabi, aims to fast-track critical clean industrial projects with investment opportunities exceeding $100 billion.
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Egypt and Greece Forge Stronger Ties with Strategic Pact and Energy Cooperation Boost
Implementation of the 3 GW GREGY interconnection project is scheduled to begin before the end of the second half of 2025.
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Parliament members slams Egyptian government over complaints of adulterated octane
The Ministry of Petroleum confirmed that the gasoline undergoes rigorous periodic inspections and meets standard specifications.
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Scatec breaks ground on 1.1 GW solar, battery project in Egypt
This progress follows the signing of USD 120 million (EUR 105.8m) in equity bridge loans, which will support construction of the project.
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Egypt’s Petroleum Ministry responds to allegations of tampered octane
The ministry confirmed in a statement that all petroleum products, including octane, are subject to strict oversight and periodic inspections.
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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.