Energy News
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Egypt, Jordan discuss boosting cooperation in fields of petroleum, mineral wealth
The Egyptian minister said Egyptian-Jordanian ties are historic, adding that Egypt is looking forward to further promote bilateral cooperation.
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New LNG shipments arriving at port of Sokhna
The Egyptian Ministry of Petroleum and Mineral Resources is set to receive two shipments of liquefied natural gas (LNG) at the Port of Sokhna.
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Centamin CEO Projects 5 Million Ounces of Gold Extraction in Egypt Over Next Decade
Egypt is competing with several countries to attract investments to its mining sector due to its political and security stability.
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Gold Prices Increase, 21-Karat at EGP 3250
Gold prices witnessed an increase by EGP 5 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3250.
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Egypt aims to invest $1.2 bln in drilling 110 gas and oil wells in FY 2024/2025
Egypt plans to invest $1.2 billion to drill 110 exploratory gas and oil wells during the current FY2024/2025.
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Egypt coop. with Japan to establish project of water-from-air production
The Minister emphasized that one of the Ministry’s primary goals is to forge partnerships with both local and foreign investors.
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German Group Agrees to Buy Hydrogen From Egypt as of 2027
A German government-backed foundation has agreed to import green ammonia from Egypt in the coming years.
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Eni’s expansion plan to drill $160M gas wells in Egypt’s Zohr field in 2024
This significant increase in investment and the prospect of drilling new wells were discussed during the Eni delegation’s visit to Egypt.
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Egypt Approves $200 Million in Energy Projects
The agreements included a draft commitment agreement to search for and exploit gas and crude oil in the North Port Fouad offshore area.
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Get to know Egypt's 8 policies to diversify energy mix
The policies aim at achieving optimal exploitation of Egypt's natural resources of traditional energy in addition to renewable and clean energies.
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Military production, environment ministers discuss cooperation in waste
The meeting took place at the General Office of the Ministry of Military Production in the government district of the New Administrative Capital.
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Cabinet approves five $200M energy agreements with local, intl. companies
The approval of these agreements is expected to contribute to Egypt's efforts to increase its oil and gas reserves and production.
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Egypt's Fuel Subsidy Bill Drops by 69%
Over the past three years, Egypt has phased out subsidies on most fuel products as part of an IMF-backed economic reform program.
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Egyptian Petroleum Minister holds talks on strategies to boost oil, gas output
The meeting, held at the ministry’s headquarters in the New Administrative Capital, focused on addressing challenges in the sector.
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Egypt receives 2 gas shipments out of 21
Egypt has received two international shipments of natural gas out of 21 contracted cargoes as part of the country's urgent plan to end power outages.
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Egypt Receives First of 21 LNG Shipments
By the third week of July, things will be in order and the national gas network’s stock will be sufficient, Abdel Aziz noted.
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Yara Clean Ammonia, Scatec, ECHEM and MOPCO sign Heads of Terms for renewable ammonia
The sponsors will develop and build up to 480 MW of renewable energy and an up to 240 MW electrolyser facility for production of renewable hydrogen.
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Commercial operation of Kom Ombo solar power station in Egypt now underway
The station is located in the Kom Ombo region in Aswan, the financial impact of operating the station is to begin during the third quarter of 2024.
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Egypt's New Electricity Min. to Focus on New, Renewable Energy
The focus will be on new and renewable energy, to achieve added value and provide stable energy in the national grid.
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Five Egyptian companies plan forming a consortium to import liquefied ethane gas
Five Egyptian companies announced plans to form a consortium with a capital of $663 million to import liquefied ethane gas (Shale gas).