Energy News
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Egypt aims $145B raise in petroleum, non-petroleum exports within 6 years
Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to minimum 5%.
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Egypt solar energy project wins 'Energy Transition Deal of the Year' award
The 200 MW plant, Egypt’s largest private solar plant, is expected to make a significant contribution towards Egypt’s target of 42% renewables by 2035
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Egypt Drilling: Orion Flops As Shell Kicks Off Six-Well WDDM Campaign
Eni’s highly-anticipated Orion wildcat off Egypt’s Sinai has turned up dry. Hopes of a major 2024 find now rest on Shell’s ongoing Khufu.
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AMEA Power installs first turbine at 500-MW wind park in Egypt
Dubai-based renewables developer AMEA Power has installed the first turbine at its 500-MW Amunet wind project in Egypt.
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Chevron expands Egypt's natural gas reserves with $60M investment
Chevron, an American energy giant, is set to bolster Egypt's natural gas production with a significant investment of $60 million in the Mediterranean.
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Fuel prices likely to rise in Egypt: Petroleum official
Fuel prices in Egypt may witness an increase of about 10 percent – equivalent to one pound in gasoline prices.
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The Role of French Companies in Supporting Egypt’s Sustainability Priorities
This first event focused on the pressing topics of sustainable packaging and waste management.
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AOI inks deal with local development ministry for 4 waste management plants at €38.8 mln
The European Bank for Reconstruction and Development (EBRD) will fund the project as part of its Kitchener Drain Depollution Project- Solid Waste.
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Egypt receives 4 offers to explore for gold near Sukari mine
Once the two gold-rich areas are fully explored and developed, three additional regions will be opened up for a fresh round of auctions.
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UNIDO, Egypt sign agreement for $3M green Hurghada project
The Green Hurghada project targets the mitigation of greenhouse gas emissions, the preservation of biodiversity in the coastal Hurghada region.
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SIG partners with Plastic Bank and GIZ in project to boost recycling and empower collection communities in Egypt
According to PractiQ Consulting, Egypt generates more than 95 million tons of waste annually and currently only 60% of this waste is collected.
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Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355
It closed the week’s trading at EGP 3,270 per gram, after opening the week’s trading at EGP 2,915 per gram.
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How Egypt wants to use solar energy to decarbonise its aluminium industry
Aluminium is an essential metal in the construction sector. However, its production is responsible for 2% of global emissions (in 2018).
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Egypt, Norwegian Company to set up $1.1B solar station
This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi.
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Egypt unveils hydrogen plans for Suez Canal
Egypt has signed seven agreements with seven international developers to develop green hydrogen production plans and renewable energy installations.
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TAG Oil Targets Egypt's Largest Frack, Eyeing Significant Oil Market Impact
TAG Oil embarks on Egypt's largest fracking operation in the Badr Oil Field, signaling a strategic shift in the global oil landscape with over 500m.
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Gold Prices Increase, 21-Karat at EGP 2900 Amid Rise in Global Stock Market and US Dollar Parallel
The 24-karat gold reached EGP 3314, 18-karat registered EGP 2486, 14-karat gold sold at EGP 1934, and the gold pound hit EGP 23200.
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Egypt launches solar energy platform to promote renewable energy adoption
A central monitoring dashboard has been established at the Ministry of Electricity and Renewable Energy headquarters.
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Co. Working To Unlock Great Oil Resources in Egypt
The Canadian oil and gas company is currently trading at about CA$0.48 per share. The return to target from this price is 129%.
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Egypt signs 7 green energy deals to unlock over $40bln of investments
The MOUs are expected to culminate in investments worth $12 billion for the pilot phases and $29 billion for the first phases.