Energy News
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Solar energy in Egypt
Egypt is endowed with vast amounts of solar energy. 42% of the country's total installed power capacity will come from from renewable sources by 2035.
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Egypt's MOPCO, ECHEM, Norway’s Scatec to establish new green hydrogen company
The new company will use produced green hydrogen in the production of green ammonia.
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Sukari Gold Mine records 8% increase in production during H1 of 2023
Centamin aims to produce a quantity of gold ranging from 450,000 to 480,000 ounces during the current year, according to the report.
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NSPO acquires 20% share of TAQA Arabia
The National Service Projects Organization (NSPO) has acquired a 20 percent share of TAQA Arabia at LE 1.6 billion.
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The first nuclear unit at Dabaa plant to be installed by October
Nuclear equipment will be installed in the nuclear power unit at the Dabaa plant, with the participation of Russian company Rosatom.
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Egypt, France seek to boost cooperation in water resources
They also talked about France providing scholarships for Egypt’s engineers and researchers to undertake postgraduate study.
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Egypt signs framework for mining terms with Barrick Gold and Centamin
This is a new regulatory framework for mineral exploitation, under which 30-year exploitation licenses will be awarded to miners.
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Egypt expects Zohr field’s investments to hit $15bln in 3 years
Current investments into the giant offshore natural gas field are estimated at $12 billion so far.
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SCZONE allocates land for water pump maintenance center with investments worth $5M
The signing of this cooperation will create a pump service facility serving the Egyptian market, and Torishima’s investments will be increased.
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Centamin Reaches Agreement with the State on Tax Regime for Future Gold Discoveries
Egypt aims to increase the mining sector's contribution to GDP from less than 1% in the last decade to 5% by 2030.
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Egypt’s Growing Demand for Energy: Strategies for Meeting the Challenge
The energy demand in Egypt has been on a steady rise over the past few years, largely driven by population growth, urbanization, and industrialization
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Egypt aims to resume gas exports by October, minister says
Egypt is targeting a resumption of liquefied natural gas exports by October at the start of autumn, petroleum minister Tarek El Molla told reporters.
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Why are gas and oil discoveries in Egypt so important for the region?
A crucial development has been the announcement of new oil and gas fields discoveries by western companies.
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United Oil & Gas H1 Revenues Fall on Egypt Challenges
The average realized oil price per barrel from Egypt for the first half was approximately $78, compared with $105 in the first half of 2022.
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Egypt projects US$18 billion increase in GDP by 2050
The boost will come from green hydrogen,Egypt ranked fifth in the Arab world and North Africa in the green hydrogen index of Fitch Solutions for 2022.
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Centamin aims to produce up to 480,000 ounces of gold in 2023
The Jersey-based gold mining firm produced 440,000 ounces of gold in 2022, Hassouna said.
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Eurasian Resources Group expresses interest in investing in Egypt's market
The Eurasian Resources Group specializes in mining, energy, transportation, and marketing operations in 16 countries worldwide.
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Investing in water and food security
A Bavarian delegation visited Egypt last week to discuss water and food security, reports Ahmed Kotb.
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Egypt to tender precious metals mining projects
Egypt will launch a group of tenders in the mining sector for resources including precious metals, phosphate, sulfur, and potash between July and Sep
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Egypt, Aqua Power sign agreement for 10 GW wind energy project in West Sohag
Upon the completion of all project phases, it is estimated that the wind energy project will save Egypt approximately $6.5 billion.