Energy News
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Assiut $3 bln diesel production complex almost finished
The new diesel production complex in Assiut is almost finished with 78 percent progress, according to a statement by the Ministry.
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Are Renewables an Answer to Egypt's Energy Crisis?
The immediate priority has been to keep the lights on as it urgently seeks new gas import options while pursuing an upstream drive.
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Egypt gold jewellery demand rose 2% in 2Q 2024
This occurred after prices decreased when the currency situation improved following the IMF loan, according to the WGC report.
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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Petrojet Achieves 1,620-Meter Tunnel Excavation for Fourth Metro Line
This stretch covers the distance between Hadayek Al-Shagar station and Hadayek Al-Ahram station.
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Greening the desert: is Sisi’s grand plan using up all of Egypt’s water?
The ‘Future of Egypt’ envisages turning tracts of desert into farmland to grow crops for export.
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EGPC, Shell, Petronas Sign $222 Million Agreement for West Delta Development
This comes with a total investment of $222 million, and a commitment to drill three wells to produce natural gas and establish marine facilities.
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Egypt considers purchasing floating regasification unit with Jordan
Egypt is considering a partnership with Jordan to contract an international company to purchase a floating gasification unit.
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Initiative to install solar cells on rooftops at Alexandria Free Zone to be launched soon
A number of mechanisms have already been adopted by some investors to reduce emissions and boost the recycling of minerals and water.
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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