Energy News
-
AIIB’s 8th meeting concludes in Egypt with call for climate financing innovation
The eighth annual meeting of the Asian Infrastructure Investment Bank (AIIB) concluded on Tuesday with a call to expand public-private partnerships.
-
Oil and gas rich Egypt launches major new licensing round
Egypt has unveiled a new licensing round, offering up 23 diverse onshore and offshore blocks in proven basins and in frontier areas.
-
Egypt Targets $9 Billion in Oil, Gas Investments within Year
The targeted investments in the petroleum sector until the end of the current fiscal year are estimated at between 8.5 and 9 billion dollars.
-
Kuwait’s KUFPEC acquires 40 percent in Shell Egypt’s Nile Delta offshore block 3
Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell.
-
Egypt Approves GASCO Project to Boost Western Desert Gas Complex Capacity
The Gasco project is expected to provide employment opportunities for about 2,500 workers with an investment cost of about $380 million.
-
Britain to Import Power From Solar Farms in Egypt
In an effort to bolster energy security in a net-zero world, plans are underway for Britain to import power from solar farms in Egypt. The project details will be unveiled in London next week.
-
UAE's ADNOC starts official operations in Egypt: Petroleum Ministry
ADNOC Distribution, the UAE's largest fuel and retail distributor, inaugurated its first fuel service station in Egypt, read an official statement.
-
Kuwait’s KUFPEC acquires 40 percent in Shell Egypt’s Nile Delta offshore block 3
Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell.
-
OPEC Fund allocates $10M to support commodities imports in Egypt
The OPEC Fund for International Development supports food security in Egypt with a $10 million allocation for commodities imports. This is part of a $200 million trade finance facility in collaboration with ITFC.
-
Egypt to expand oil and gas production from Zohr gas field
The government of Egypt aims to substantially increase the production of oil and gas within the Zohr field.
-
Egypt's Zohr field gas output shrinks by 11 percent in FY 2022/2023
Gas production in the giant offshore Zohr field went down by 11 percent in fiscal year 2022/2023: Egypt's Petroleum and Mineral Resources Ministry.
-
Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day
Egypt owns huge petroleum capabilities and a strong infrastructure that enables it to implement ambitious programs and plans to increase production.
-
These are the 5 best times to invest in gold
When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset.
-
3 Arab, Chinese firms eye establishing $600mln wind farms in Egypt
Two firms will submit a detailed offer, including the farms' capacities and proposed prices per kilowatt (KW).
-
Capricorn sticks with payouts despite Egypt owing money
A shareholder meeting is planned for Oct. 5 to approve the $100 million special dividend ahead of a strategy update in November, Capricorn said.
-
Green Methanol Production Project is the 1st of its kind in Egypt, Middle East
During the meeting, they discussed the latest developments in the Norwegian company’s implementation of the green methanol production project.
-
Africa: The natural gas sleeping giant
Algeria, Nigeria, and Egypt currently lead the pack in LNG exports having the highest export capacity on the continent.
-
Western Alliance Moves Fast On New Middle East Gas Supplies
One of its new core elements is Egypt, with major developments seen in the past week or so.
-
Egypt to begin rehabilitating Kitchener Drain shortly: Minister
Kitchener Drain, is one of the country’s largest and most-polluted agricultural canals.
-
Egypt’s 1st-ever climate investment forum aims to transform financing ahead of COP28
Prime Minister Mostafa Madbouly inaugurated on Tuesday the first-ever Environmental and Climate Investment Forum in Egypt.