Energy News
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These are the 5 best times to invest in gold
When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset.
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3 Arab, Chinese firms eye establishing $600mln wind farms in Egypt
Two firms will submit a detailed offer, including the farms' capacities and proposed prices per kilowatt (KW).
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Capricorn sticks with payouts despite Egypt owing money
A shareholder meeting is planned for Oct. 5 to approve the $100 million special dividend ahead of a strategy update in November, Capricorn said.
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Green Methanol Production Project is the 1st of its kind in Egypt, Middle East
During the meeting, they discussed the latest developments in the Norwegian company’s implementation of the green methanol production project.
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Africa: The natural gas sleeping giant
Algeria, Nigeria, and Egypt currently lead the pack in LNG exports having the highest export capacity on the continent.
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Western Alliance Moves Fast On New Middle East Gas Supplies
One of its new core elements is Egypt, with major developments seen in the past week or so.
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Egypt to begin rehabilitating Kitchener Drain shortly: Minister
Kitchener Drain, is one of the country’s largest and most-polluted agricultural canals.
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Egypt’s 1st-ever climate investment forum aims to transform financing ahead of COP28
Prime Minister Mostafa Madbouly inaugurated on Tuesday the first-ever Environmental and Climate Investment Forum in Egypt.
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North Africa will be Italy's key gas supplier for years, Eni top exec says
Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters.
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Egypt's zero-customs gold import initiative brings 1.5 tons in 4 months
Around 1.5 tons of gold have entered the Egyptian market since the start of the zero-customs gold import initiative in May.
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Egypt to finalize Gabal El-Zeit wind farm deal in October
Egypt received 5 offers for the wind farm in Gabal El-Zeit and the government gave the international investor two months to finalize his approval.
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SCZone Contracts with Dutch Alliance to Enhance Investments in Green Fuel Industry
The protocol includes expanding the work of these companies by pumping major investments within the economic zone.
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Storm Daniel to hit Egypt starting Monday, bringing active winds and low temperatures
There are chances of rainfall and thunder on the western coasts and the desert area of Matrouh and Salloum.
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Egypt sets up national council to boost green hydrogen investment
The Egyptian government expects that total foreign direct investment (FDI) into green hydrogen projects will hit about $81.6 billion by 2035.
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New companies applied to fuel ships with green methanol
The Suez Canal Authority signed 23 memorandums of understanding for the production of green fuel, 9 of which were signed during COP 27.
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Egypt-listed TAQA Arabia co-establishes gas distribution company in Saudi Arabia
The Cairo-listed energy company TAQA Arabia co-established a natural gas distribution company in Saudi Arabia with a Saudi company.
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Egyptian Petroleum Investments Corp Signs a Cooperation Agreement with Elite Capital & Co. Limited
EPI Corp is specialized in providing investment opportunities, advisory services, management services, and pre-feasibility studies.
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Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas
The decrease in gas production at the Zohr field is normal as all gas fields experience a natural decrease in order to maintain the reservoir.
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SDX Energy sells off Egyptian assets, aims expand operations in Morocco
The sale will support the company in positioning itself for “upcoming diversification into Morocco's energy transition sector”.
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Irrigation minister arrives in Nairobi to partake in ACS 2023
Egyptian Minister of Irrigation Hani Swelim arrived in Nairobi to take part in Africa Climate Summit, which runs from September 4 to 6.