Energy News
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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.
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Egypt to Launch Gold Exploration Bid
The bid round will cover over 200 areas in the region, with the aim of attracting international mining companies and investors.
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BAPETCO Signs 3 CSR Protocols for Projects in Matrouh
BAPETCO has studied and evaluated the necessary needs to improve and raise the quality of life in Matrouh Governorate.
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Nile Delta village becomes green, smart model
Nahtai is becoming a shining example of smart and green villages in Gharbia Governorate in the Nile Delta.
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Envision to supply giga-scale wind farm in Egypt
Chinese wind turbine maker has been fostering closer ties with Saudi developer ACWA and its home government.
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Minerals come into focus as Egypt wrestles with oil reforms
The country plans to launch the website early in the first quarter of 2025, Badawi said.
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Egypt’s 2040 energy strategy: big savings, low emissions
The strategy has set a goal to generate 68,000 megawatts of power from renewable sources, a massive capacity that dwarfs today’s figures.
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Egypt will be one of leading countries in low-carbon hydrogen economy
Egyptian Minister of Electricity Mahmoud Esmat said Egypt will be one of the leading countries in low-carbon hydrogen economy in 2040.
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Reactor core catcher for Dabaa arrives in Egypt
The core catcher, a unique safety device specifically designed for advanced third-generation reactors, takes approximately 14 months to manufacture.
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Egypt gold prices jump 1.2-1.9% on Tuesday
On Tuesday, global gold prices increased by 0.22 percent compared to Monday, reaching $2,743 per ounce, according to Gold Price.
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Italy’s Eni will restart gas drilling in Egypt and Libya
Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year.