Energy News
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Egypt: a leading natural gas producer in the Eastern Mediterranean
Egypt has emerged as Africa's second-largest gas producer with proven reserves of 75.5 trillion cubic feet (tcf) of natural gas.
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Egypt inks $4 bln deal with Indian Ocior Energy for green hydrogen projects
Egyptian government has signed a preliminary agreement with the Indian renewable energy company Ocior to invest $4 billion in green hydrogen projects.
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CY Plus to establish new production plant in cooperation with Petroleum Ministry
Sodium cyanide is a significant component of the gold extraction process from rocks, the new production line is said to increase gold quantities.
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Egypt, Saudi Arabia Aim to Capture 1/3 of the Green Hydrogen Market in Europe, Asia
The value estimated by the head of Hydrogen Egypt currently stands at $200 billion to $300 billion.
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Lower natural gas exports widen Egypt's trade deficit by 4.3 percent in May
Egypt's trade deficit grew by 4.3 percent to $3.74 billion in May 2023, compared to $3.57 billion in the same month last year.
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Now is a good time to buy gold, says Egyptian commerce official
Milad explained that gold is a long-term investment as it is a store of value, indicating that its price is currently suitable for purchase.
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Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The CBE added that the value of foreign currencies included in the cash reserve declined to $26.530 billion by the end of July.
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Egypt receives 600 kg of duty-free gold in 3 months
Travelers to Egypt have brought around 600 kilograms of gold from abroad under a national decree exempting gold from customs duties.
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Egypt extends deadline for gold mining exploration bid in Eastern Desert until November
Egypt's state-owned Shalateen Mineral Resources Company (SMRC) has decided to extend its bid round until 9 November.
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Egypt bolsters its competitiveness in green hydrogen field
This came during the fourth edition of the round table meeting held on green hydrogen industry in Egypt.
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Demand for gold bars and coins in Egypt records 300% in Q2 2023
The report showed that growth was universal across the MENA region, but Egypt was of the largest contributors by far along with Iran.
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Shell to begin drilling oil exploration wells in Egypt in September
This is part of Shell’s plans to be an energy hub in the region amid the ongoing power cuts for the shortage of gas supply needed for power stations.
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Egypt: a transit station improves solid waste management in Cairo
Cairo has acquired a new solid waste transit station. The facility, located near the Port-Saïd road, has a capacity of 2,000 tonnes per day.
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7 questions about green hydrogen in Egypt answered
Egypt is becoming a regional hub for green hydrogen production and export due to its strategic geographical location, and solar and wind resources.
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TotalEnergies and Dar Al Orman collaborate to deliver clean water connections in Al Fayoum
This initiative comes in line with the company strategy for supporting the countries operating in.
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Egypt received its first shipment of mazut
The shipment is the first of the government’s planned imports of Mazut to meet the increasing demand for electricity.
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Emerging Clean Energy Hub: Egypt’s Potential as a Regional Renewable Energy Leader
Egypt has an ideal location and weather conditions to potentially become a renewable energy hub.
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Emirati Dragon Oil to boost oil production in Egypt by 27% within two months
Dragon Oil will start production within two months from the North Safa field in the Gulf of Suez, with a capacity of 15,000 barrels of oil per day.
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Egypt OKs Danish Maersk’s proposal to purchase half of Zaafarana wind farm
Accordingly, the government requested Maersk to submit a financial offer to pave the way for negotiations.