Energy News
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Russia to Start Building the World's Largest Nuclear Reactor in Egypt
Russia and Egypt have announced a joint venture to build the world's largest nuclear reactor, starting October 6. The construction date coincides with Egypt's October War victory holiday.
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Egypt talks with Eni, BP to enhance investment opportunities
Egypt's Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla, discusses business collaborations with CEOs of British Petroleum and Eni.
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Egypt's 1st green methanol plant to enter service in 2026
Egypt is gearing up to launch its first green methanol plant in 2026, aiming to bolster renewable energy usage and curb emissions, according to the New and Renewable Energy Authority.
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BP Secures Offshore Exploration Block in Egypt
British Petroleum (BP) wins a bid for offshore exploration in Egypt. The oil giant secures this as part of the 2022 International Bid Round by the Egyptian Natural Gas Holding Company.
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Investments in Egypt's oil & gas sector in 2014-2023 amounts to LE1.2T
Between 2014 and 2023, the Egyptian government invested LE1.2 trillion in the oil and gas sector, evidenced by completed projects worth LE844.2bn and others in-progress worth LE344bn.
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24 Japanese companies visit Egypt’s SCZone exploring green fuel investments
A delegation of 24 Japanese companies has visited the Suez Canal Economic Zone (SCZone) to explore renewable energy investment opportunities.
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Is the Nile River Drying Up?
The Nile River, lifeline for millions, faces a significant threat as climate change and overuse are causing it to dry up. Find out what that could mean on a global scale.
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Egypt to issue new bonds for climate, social goals
The document also said that the ministry aims to expand the categories of green projects with a social dimension in Egypt’s sustainable portfolio.
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Egypt converted over half a million vehicles to run on natural gas
Egypt has converted 507,000 vehicles to run on natural gas as part of its national initiative meant to replace old cars that use traditional gasoline.
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Egypt, Morocco sign MoU in nuclear and radiation safety domains
Egypt and Morocco signed a memorandum of understanding to promote cooperation and exchange information in the domains of nuclear and radiation safety and security.
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Egypt plans subsea solar energy exports to Europe
With the proposed Egypt-Greece Interconnector, Egypt reaffirms plans to provide solar energy to Europe, subsequently aiming to reduce Europe's fossil fuel dependence.
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Top 10 mining companies in Egypt
Egypt has substantial mineral resources, including coal, gold, iron ore, heavy mineral sands, manganese, nitrogen, and phosphate rock.
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Egypt signs €54M debt swap agreement with Germany to boost energy sector
Egypt targets a 42 percent boost in its renewable energy mix by 2030 with a €54M debt swap agreement with Germany. The move accelerates previous plans set for 2035.
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Egypt to hedge oil supply during FY2023/2024, finance minister
Egypt engages directly in the oil derivatives market to lock in supplies, becoming a significant market player. An official revealed that Egypt has purchased hedging contracts covering 35% of its expected oil imports.
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Egypt to launch national strategy for green hydrogen production
Egypt plans to launch a national strategy to become a leading green hydrogen producer and exporter.
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BP and ENI among the winners in Egypt licensing round
The companies paid $7.5 million in signature bonuses and have committed to investments totalling about $281 million.
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AIIB’s 8th meeting concludes in Egypt with call for climate financing innovation
The eighth annual meeting of the Asian Infrastructure Investment Bank (AIIB) concluded on Tuesday with a call to expand public-private partnerships.
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Oil and gas rich Egypt launches major new licensing round
Egypt has unveiled a new licensing round, offering up 23 diverse onshore and offshore blocks in proven basins and in frontier areas.
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Egypt Targets $9 Billion in Oil, Gas Investments within Year
The targeted investments in the petroleum sector until the end of the current fiscal year are estimated at between 8.5 and 9 billion dollars.
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Kuwait’s KUFPEC acquires 40 percent in Shell Egypt’s Nile Delta offshore block 3
Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell.