Energy News
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EIB pledges €1.3B to propel Egypt's green transformation
The European Investment Bank (EIB) mobilizes financing of €1.3 billion to support Egypt's green transformation, including $300 million for the government and €1 billion for the private sector.
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Infinity eyes 10GW of renewables by 2030
The acquisition of Lekela Power has allowed Infinity Power to benefit from the business’ renewable assets and pipeline.
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Central Bank of Egypt eases export rules for gold artefacts
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days.
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Egypt to build sustainable aviation fuel plant
Egyptian Oil Minister Tareq Al-Mulla discussed the possible partnership with Honeywell executives in Cairo.
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1.8-Gigawatt Benban Solar Farm In Egypt Can Power 1 Million Households
The largest solar park in Africa and the 4th largest solar farm globally, the park has an installed capacity of 1.8 GW.
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EBRD allocates $2 billion to finance green projects in Egypt during 2023
The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023.
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FRA reviews progress of voluntary market for trading carbon certificates
Representatives from 35 companies engaged in activities related to carbon certificate trading were also in attendance.
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Centamin plans to increase Sukari's gold production by 15 percent until 2032
Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces for 9 years.
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Enppi, OAPEC sign partner to enhance technical skills across petroleum sector
Enppi and OAPEC ink deal to share knowledge and training in the petroleum industry, boosting cooperation between Egyptian companies and international organizations.
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Petroleum Min. Discusses with "Honeywell" Production of Sustainable Aviation Fuels
The production capacity of the project is estimated at 120,000 tons annually of sustainable aviation fuel product.
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Planning Minister shares updates on sales of Safi, Jabal El Zeit, and Wataniya
Updates from Egypt's Planning Minister, Hala El-Said, reveal fresh insights into the sales of Wataniya Petroleum, Jabal El-Zeit and Safi.
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Egypt's Sidpec, Nigeria's Rungas to establish gas cylinder factory
Egyptian state-owned Sidi Kerir Petrochemicals (Sidpec) signed an agreement with the Nigerian company Rungas to establish a gas cylinder factory.
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Egypt’s $1.8B drilling spree led by Eni
Eni begins drilling Orion-1X well in Egypt's offshore Nile Delta, targeting vast gas and liquid reserves, part of $1.8B drilling campaign.
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Egypt Approaching Water Scarcity Line, Irrigation Minister Warns
The per capita share of water in Egypt has declined, nearing water scarcity due to a large gap between resources and needs, warns Hani Sewilam, Minister of Irrigation and Water Resources.
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Exxonmobil Set to Expand Operations in Egypt
ExxonMobil, the U.S.-based oil and gas giant, is planning to significantly expand its operations in Egypt.
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Wataniya stake sale to be complete by 6 weeks, says Planning Minister
The stake sale of Wataniya Petroleum, owned by the National Service Projects Organization, is expected to be completed within six weeks.
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ExxonMobil Considers Investing in Marketing, Distributing Petroleum Products in Egypt
The company is investing in two areas to search for gas in the Mediterranean Sea, in which work will begin early in the new year.
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Egypt’s Private Sector Renewable Energy Projects Worth $4.4 Billion: Minister of Electricity and Renewable Energy
Egypt’s private sector is currently handling renewable energy projects worth USD 4.4 billion, aiming to boost the nation's renewable energy capacity to 10,000 megawatts by 2025, announced the Egyptian Minister of Electricity and Renewable Energy.
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Unlocking Egypt’s Solar Potential Solar Energy Trends In 2023 And Beyond
Solar photovoltaic (PV) systems have assumed a central role in Egypt’s transition to a sustainable solar energy system.
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Egypt seeks new investments for phosphate projects
Egypt is currently ranked the world’s 10th largest raw phosphates producer and that new reserves estimates could be released this year.