Energy News
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AMEA Power Completes Solar Module Installation in Egypt
The Abydos park is projected to generate approximately 1,500 GWh of electricity annually, enough to meet the power needs of over 256,000 homes.
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Green Climate Fund to fund 3 major greening projects in Egypt and globally
The Green Climate Fund (GCF) has approved funding for three major greening projects that would benefit Egypt and more than a dozen other countries.
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PM Madbouly Inspects Ruhrpumpen Egypt
This visit aligns with the government’s commitment to advancing industries that supply critical components for major projects.
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Town Gas and Banque Misr Collaborate to Streamline Gas Payment Services
Town Gas has signed agreements with Banque Misr and its subsidiary Souhoola, allowing customers to pay for gas delivery in installments.
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Restart of Drilling Ops at Egypt’s Zohr Gas Field Expected in December
Egypt plans to increase oil and gas exploration works in 2025, Badawi added.
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Egypt slashes renewables target to focus on natural gas
Egypt, the world’s 11th-largest natural gas producer, has positioned itself as a supplier of liquefied natural gas (LNG) to Europe.
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Egypt signs 4 MoUs with int'l companies to enhance oil cooperation
Egypt signed four memorandums of understanding (MoUs) and cooperation agreements with international companies to enhance oil cooperation.
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Egypt’s government reveals plan for fuel prices until end of 2025
Madbouly said: “We are have to gradually increase fuel prices until the end of 2025,” noting that there will be no increase for the next six months.
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SCZONE ready to cooperate with Community Business Hong Kong
This came during Gamal el Dein’s meeting with a high-level delegation of the governmental, economic and legal institutions in Hong Kong.
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Egypt Cuts 2040 Renewable Energy Target to 40%
Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, shifting focus to natural gas.
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No fuel price Increases until the end of 2025 if global price stabilizes
If global prices stabilize at an average of $73 per barrel, there will be no further hikes until the end of 2025.
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Gold breaks above $2,700 to record high
Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty.
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Egypt raises fuel prices for 3rd time in 2024
Ministry of Petroleum and Mineral Resources announced Friday the third fuel price increase in 2024, affecting various octanes and diesel.
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6 key facts about the Sukari gold mine
The Sukari Gold Mine stands as a vital asset in Egypt’s mining sector, contributing to local employment and economic stability.
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AngloGold’s $2.5bn takeover of Centamin approved by Egypt
The deal would make the South African gold miner the world’s fourth largest producer of the precious metal as it hands it the key to the Sukari mine.
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Eni to drill new wells in Egypt
Badawi made the remarks during the general assembly meeting of PetroShorouk, the operator of the Zohr field.
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Greece, Egypt to lean on wind power in GREGY subsea interconnection project
The projects planned in Egypt are so large in scale that essentially they constitute almost one more Greece, so to say.
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Egypt Eyes Gas Production Increase
The government aims to ramp up output at Zohr by drilling new wells starting in the first quarter of 2025, according to a ministry statement.
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EU to finance green transformation in Egypt at €7 mln
Egypt and EU signed on Sunday the European Green Facility initiative to finance green transformation in Egypt valued at €7 Million.
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Egypt urges Nile Basin countries to reconsider water agreement
Egypt and Sudan have so far rejected the agreement while the CFA has been signed by upstream countries, including Ethiopia, Rwanda, and South Sudan.