Energy News
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Egypt's zero-customs gold import initiative brings 1.5 tons in 4 months
Around 1.5 tons of gold have entered the Egyptian market since the start of the zero-customs gold import initiative in May.
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Egypt to finalize Gabal El-Zeit wind farm deal in October
Egypt received 5 offers for the wind farm in Gabal El-Zeit and the government gave the international investor two months to finalize his approval.
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SCZone Contracts with Dutch Alliance to Enhance Investments in Green Fuel Industry
The protocol includes expanding the work of these companies by pumping major investments within the economic zone.
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Storm Daniel to hit Egypt starting Monday, bringing active winds and low temperatures
There are chances of rainfall and thunder on the western coasts and the desert area of Matrouh and Salloum.
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Egypt sets up national council to boost green hydrogen investment
The Egyptian government expects that total foreign direct investment (FDI) into green hydrogen projects will hit about $81.6 billion by 2035.
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New companies applied to fuel ships with green methanol
The Suez Canal Authority signed 23 memorandums of understanding for the production of green fuel, 9 of which were signed during COP 27.
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Egypt-listed TAQA Arabia co-establishes gas distribution company in Saudi Arabia
The Cairo-listed energy company TAQA Arabia co-established a natural gas distribution company in Saudi Arabia with a Saudi company.
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Egyptian Petroleum Investments Corp Signs a Cooperation Agreement with Elite Capital & Co. Limited
EPI Corp is specialized in providing investment opportunities, advisory services, management services, and pre-feasibility studies.
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Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas
The decrease in gas production at the Zohr field is normal as all gas fields experience a natural decrease in order to maintain the reservoir.
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SDX Energy sells off Egyptian assets, aims expand operations in Morocco
The sale will support the company in positioning itself for “upcoming diversification into Morocco's energy transition sector”.
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Irrigation minister arrives in Nairobi to partake in ACS 2023
Egyptian Minister of Irrigation Hani Swelim arrived in Nairobi to take part in Africa Climate Summit, which runs from September 4 to 6.
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Eni, partners pledge $7.7 bln investment in Egypt over four years
Eni's most notable discovery in Egypt was the Zohr Gas Field in 2015, which allowed the country to achieve self-sufficiency in gas by 2018.
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Egypt’s gas exports under threat
The country’s hopes for becoming a regional gas production powerhouse and LNG export hub are thwarted by question marks.
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Egypt hedges 35% of its petroleum until mid-2024
The hedging contracts that were agreed to be executed ranged between 75 and 80 dollars per barrel, and about 35 percent of the total oil needs.
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British, Ugandan investors buy 11.4 percent of Egypt's TAQA Arabia
British and Ugandan investors have bought 154.8 million shares of local Egyptian energy company TAQA Arabia, which accounts for 11.45 percent.
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Eni to invest $7.7B in Egypt over 4 years
Sisi said he looks forward to more cooperation with Eni to achieve optimal utilization of Egypt's resources from the energy sector.
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EBRD, IFC to advise on water desalination projects in Egypt
The government plans to offer four stations out of 21 stations in the first phase, which is expected to be awarded by the first half of 2024.
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Egypt scores successes in petroleum sector, boom in gas exports: Maat Report
This comes in light of the huge projects implemented by the state in this sector, as the oil sector continues to be a great success.
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Sohag wind farm: 10 things you need to know
A giant wind farm with the capacity of 3 gigawatts is being built West of Sohag governorate, here are the top 10 things to know about it.
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Latest news of the Egyptian oil industry
Egypt sees major oil sector growth with new discoveries by Cheiron and investments by Shell and Dragon Oil. Exploration deals valued at $319 M signed.