Energy News
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Minister of Environment to co-lead climate finance talks at COP29 in Baku
Fouad highlighted her commitment to focusing on the financial needs of developing nations and those most vulnerable to the impacts of climate change.
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JBIC interested in funding Japanese green hydrogen projects in Egypt
The funding would be provided either directly or through partnerships with Arab funds operating in Egypt.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.
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Egypt reiterates 42 percent renewable energy target for 2030
As of July 2024, solar, wind, and hydropower make up 11.5 percent of Egypt's electricity generation.
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All about Aton Resources’ new gold processing plant
In sum, Aton Resources is not only advancing gold mining in Egypt but also redefining what responsible mining could look like in the 21st century.
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Egypt’s mega desalination project: a bold step toward water security
Egypt has unveiled a major desalination initiative designed to counteract water scarcity as climate change and population growth pressure.
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5 key facts about Egypt’s 5.2 GW new renewable energy project
Egypt signed agreements with Alcazar Energy and the Voltalia-Arabia alliance to develop 5.2 GW of renewable energy.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt's aims to boost mining sector contribution to 5-6% of GDP
The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP.
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Egypt reaffirms 42% renewable energy goal for 2030
Last year, Egypt faced prolonged power outages as natural gas production was hit by financial constraints and declining local extraction.
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France cooperates with Egypt in energy transition for more than 10 years
France is supporting energy transition in Egypt to meet its ambitious goal to generate 42 percent of clean energy by 2030.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egypt's PM urges stronger global support for climate mitigation at COP29
In a roundtable on energy and climate change mitigation, Egypt emphasized its target of 42% renewable energy in its energy mix by 2030.
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Egypt’s balance of gold in foreign reserves at US$ 11 billion
The CBE said that this balance was at US$9.384 billion, equivalent to about LE448 billion, at the end of April, and the increase is about LE 101 bln.
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Egyptian Competition Authority approves Emirates ADQ acquisition
The Egyptian Competition Authority (ECA) announced on Sunday the approval of Emirates ADQ, acquiring stakes in three Egyptian oil companies.
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Egypt to build $20 mln PET recycling plant
The plant, which will be completed in the first half of 2025, is based in Sokhna Industrial zone, which is governed by the Suez Canal Economic Zone.
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QatarEnergy acquires 23 percent interest in North El-Dabaa
Under the agreement, QatarEnergy will acquire a 23 percent interest, while Chevron, the operator, will retain a 40 percent interest.
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Italian Eni to drill two new gas wells in Zohr field
Italian Eni company will drill two new gas wells in the Zohr field, according to CEO Claudio Descalzi, as reported by Al Arabiya.
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Egypt Launches Sustainable Aviation Fuel Company
ESAF further supports Egypt’s strategy for a gradual shift toward a greener economy, enhancing investment opportunities in sustainable energy.