Energy News
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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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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 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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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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€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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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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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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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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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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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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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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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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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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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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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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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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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’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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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.