Energy News
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Egypt Signs Landmark $120 Million Agreement with Cheiron
The agreement is sealed between EGPC; Cheiron Energy and KUFPEC to pump new investments for boosting development operations.
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Minister of Investment inspects factories implementing sustainable processes in Alex
The Alexandria Free Zone hosts 417 projects, making it Egypt's largest and most export-orientated free zone.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Egypt's new rules for brokerage firms in carbon market explained
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Egypt to implement $750M two renewable energy projects by October
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
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Egypt water projects receive 19% of concessional development financing
Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
This comes as Saudi Arabia and Egypt deepen their energy cooperation, with Egypt signing a $4 billion deal with Saudi Arabia’s ACWA Power in December.
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).
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Fertiglobe to export green ammonia from Egypt to Europe, securing contract worth €397M
Fertiglobe has secured a contract valued at €397 million to supply green ammonia to the European Union.
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Egypt’s Natural Gas Production Sinks to Six-Year Low
Egypt has been exporting LNG to Europe, but it usually halts these exports during the summer months, to meet soaring electricity demand.
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7 Facts about Egypt's new mining portal
Egypt is planning to digitize part of its mining industry with the launch of a new digital platform, "Egypt’s Mining Portal," by the end of 2024.
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Egypt and Norway: A green partnership for the future
Norwegian ambassador Hilde Klemetsdal announced that Norwegian companies are expanding their investments in Egypt.
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Egypt to launch online platform to boost mining industry
Egypt is set to launch a digital platform titled “Egypt’s Mining Portal” by the end of 2024 to serve as a primary catalyst for mining investment.
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Emirati AMEA Power to implement 500-megawatt solar power project in Egypt
In addition to solar power, the projects also include the installation of 1,500 megawatts of combined solar and wind power capacity.
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No new customs duties on gold imports
The Egyptian Customs Authority (ECA) denied in a statement on Tuesday imposing new customs duties on gold imports by Egyptians returning from abroad.