Energy News
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Shalateen Mineral Resources Company increases gold deposits to CBE by 14%
The company announced that it will deliver a ton of gold with a purity of 99.9 percent by the end of this year to the Central Bank of Egypt.
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ADNOC withdraws from Wataniya deal, TAQA Arabia among final offers
The Abu Dhabi National Oil Company (ADNOC) pulled out from the process of bidding on Egyptian Wataniya Petroleum, just as the deal was almost closed.
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ADNOC, BP to form gas joint venture to develop Egypt gas assets
According to the agreement, BP will contribute its assets to the joint venture in three development concessions and exploration agreements in Egypt.
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Egypt, EU Discuss Applying CBAM To Advance Green Transition
This requires developing a clear road map for Egypt’s plan for executing this mechanism in line with the national priorities and social considerations
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Advisor to Minister of Supply: Cabinet Is Considering Proposal to Establish Free Zone for Gold
Faraj has suggested that all duties on imports of gold and precious metals be canceled for Egyptians returning from abroad.
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ADNOC forms JV with bp to boost Egypt’s gas development
BP will hold a 50% stake in the joint venture (JV) while ADNOC owns the remaining 49% interest.
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Egypt Launches First Gold Bullion ATM
Egypt has taken a significant step towards digital transformation and financial inclusion with the launch of its first ATM for gold bullion sales.
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SCA, Netherlands to cooperate across green transformation industry
Rabie expressed appreciation for the extensive cooperation between the SCA and the Dutch IHC shipyard.
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Egypt, Bulgaria sign MoU to boost natural gas cooperation
The MoU entails sharing of experiences and best practices in natural gas, encompassing extraction, storage, transportation, and liquefaction.
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Nine EV charging stations to be installed in New Cairo
The project has been entrusted to Taqa Volt, whose mission will be to “develop, manage and operate” the nine new facilities.
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Taqa gas pens gas supply pact with somabay resort in Egypt
Taqa Gas, a subsidiary of Taqa Arabia, has signed an agreement to supply natural gas to Somabay Resort.
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Egypt and Saudi building stronger relationship in offshore energy sector
ADES, a leading player in the energy industry, currently operates ten offshore drilling rigs in Egypt, contributing significantly to the sector.
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Egypt, Tunisia discuss cooperation in water sector
The meeting took place on the sidelines of the fifth Mediterranean Water Forum, which is held in Tunis from February 5 to 7.
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Egypt to receive final bids to acquire Wataniya within 48 hours
Furthermore, the government plans to finalize the sale of the Jabal El Zeit wind power plant by the end of March 2024, as stated by El Said.
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IDSC says Egypt has huge reserve of quartz
The IDSC said the purity of Egyptian quartz reaches 99.9 percent, which is a big asset that earns it a competitive advantage internationally.
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Egypt continues work on implementing its first station to generate energy from waste
Mostafa assured Egypt’s interest in creating a supportive climate to encourage environmental investments to confront climate change.
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Egypt launches 55% tax credit to boost green hydrogen production
The legislation was signed into law by President Abdel Fattah El-Sisi and would have a direct bearing on green hydrogen projects in the African nation
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Head of Egypt’s gold division reveals expectations for gold prices in the coming period
The head of the Jewelry and Jewelry Division at the Chambers of Commerce, clarified that circulated rumors regarding the stoppage of gold pricing.
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Molla, Apache CEO review oil, natural gas excavation in Western Desert
The talks also tackled the company’s expansion plans for new drilling operations in the Western Desert.
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Egypt’s Burullus Gas Awards Subsea Engineering Contract
The award to Norway’s Longitude Engineering covers deepsea design and engineering services for Phase 10 of Egypt’s West Delta Deep Marine Concession.