Energy News
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Egypt oil and gas sector outlook 2025
The sector stands at a pivotal moment where strategic decisions will determine Egypt's role as a regional energy powerhouse in the coming years.
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Egypt targets 16GW renewable energy in 2029
Most of the increase in the next few years will come from solar power projects, which will add around 5,800 MW, the source said.
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FRA forms advisory group to strengthen Egypt's voluntary carbon market
The formation of this advisory group follows the FRA’s successful launch of Egypt and Africa’s first voluntary carbon market in August 2024.
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JA Solar and CEEC secure 1.25GW module deal for PV storage in Egypt
JA Solar will be the exclusive supplier of high-efficiency n-type photovoltaic modules for the project.
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Prime Minister Explores Green Energy Collaboration with Acciona Energía
Acciona is a global leader in green energy production with a capacity of 15 GW and a presence in 52 countries.
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Egypt Boosts Oil, Gas Production to 1.4 mmboe/d
Production rates have risen to 1.4 million barrels of oil equivalent per day (mmboe/d) through the drilling of 105 new wells.
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Eni to Resume Zohr Gas Field Operations by January 2025
Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly added.
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OPEC Fund supports 1.1-GW wind farm project in Egypt with $30mln
This marks Africa’s largest onshore wind power project, which is expected to empower more than 1mln homes and cut carbon emissions by 2.5mln tons.
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10 fascinating facts about Egypt and Eni’s $150M LNG terminal plans
With energy demand rising and domestic production declining, the project reflects Egypt’s evolving strategy to secure its energy future.
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ExxonMobil Strikes Natural Gas in Egypt’s Mediterranean Waters
Exxon announced its entry into the North Marakia block in 2019 and sold a 40% stake to QatarEnergy in 2022.
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Egypt, Italy's Eni discuss establishing $150 mln LNG import terminal in Damietta
Egypt and Italian energy company Eni are discussing establishing a new liquefied natural gas (LNG) import terminal in Damietta on the Mediterranean.
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Engie will expand its 500 MW Red Sea wind project in Egypt to 650 MW
At the end of 2023, wind represented about 3% of Egypt’s installed capacity with 1.6 GW and 2.8% of its power generation with 6.7 TWh.
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CBE reports $2.2 Billion growth in gold reserves in 2024
By December 2024, these reserves reached $47.109 billion, a significant rise from $35.220 billion in December 2023.
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Egypt Invests LE 7 Billion in Renewable Energy Transmission Projects
These projects will involve the construction of transformer stations to transfer energy generated by solar and wind power plants to transmission lines
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Petroshahd Plans $31M in Investments in 2025/26
The plan aims to increase the company’s daily production rate, which currently stands at about 10,500 barrels per day (b/d) of crude oil.
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Egypt to offer new mining sites to investors
In a weekend report, the Arabic language daily Alahram said the strategy also aims to boost mineral production and exports to stimulate the economy.
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bp Adds 2 Wells to Production, Launches Exploration Operations at Elking Offshore Egypt
In July 2024, Minister of Petroleum and Mineral Resources Karim Badawi visited Volaris DS12 to oversee the drilling activities
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Apache Solidifies Egypt Western Desert Dominance After Securing Higher Gas Price
After agreeing a 60% higher gas price of $4.25/mn BTU for new output, Egypt’s main onshore upstream player.
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Egypt become regional hub for gas
He highlighted aspects of joint cooperation between the three countries in the domain of renewable energy, adding that several renewable energy.