Energy News
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Egypt starts $1.8 billion gas exploration wells programme -minister
The programme is in cooperation with Eni (ENI.MI), Chevron (CVX.N), ExxonMobil (XOM.N), Shell (SHEL.L) and BP (BP.L).
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Egypt: ASCOM shifts to $1.24mln profits in Q1-23
The revenues amounted to $3.68mln in the first three months of 2023.
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Egypt executes 8 new projects valued at $5bn to expand petroleum sector
This falls in line with the ministry’s bid to develop and propel the performance of the petroleum refining industry in the North African country.
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Israel to build third line to supply Egypt with gas from Leviathan field
The project currently supplies gas to Israel, Egypt and Jordan, and there are plans to sell gas to Europe as well.
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Tackling climate change in Egypt: More ambitious NDCs
The Egyptian government announced earlier this week its updated Nationally Determined Contributions (NDC).
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Egypt’s Petroleum Ministry launches digital platform to attract investments
It will also provide the geological data required by current and potential investors and promote bids in the North African country’s gas exploration.
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Egypt’s Updated NDC Sets Ambitious Target For Renewable Energy Capacity By 2030
This milestone comes in line with the Political Declaration that was announced during COP 27 between Egypt, Germany, and the United States of America.
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Interview – Africa depends on Egypt for natural gas
Ayuk explained that the chamber plans to establish a branch in North Africa, with Cairo to be involved.
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Egypt to Launch "No to Plastic" Initiative in July
"The "No to Plastic" initiative aims to raise awareness of the dangers of single-use plastic products," said Egypt's Ministry of Environment.
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Egypt accelerates energy transition with revised climate commitments
The second update was announced by the Supreme Committee of the National Council for Climate Change in Egypt, led by Prime Minister Mostafa Madbouly.
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ReNew Power set to invest $8bn in green hydrogen plant in Egypt
The agreement, which was inked in New Delhi during a roadshow conducted by a delegation from the SCZone in India, provides for a total investment $8b.
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Egypt's IOU to Capricorn Energy grows to $145 million
This has grown to $145 million at the end of May, it said on Monday, of which $104 million "is overdue".
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Egypt raises gold jewellery processing fees by 10%
The Gold Division at the Cairo Chamber of Commerce announced on Sunday raising the gold processing fees for gold jewellery by 10 percent as of 1 July.
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Egypt and Germany sign debt swap agreement to finance green energy transition
Egypt signed on Sunday a €54 million debt swap agreement with the German Development Bank (KfW).
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Strategic Partnership between “Dahab Masr” and “EgyCash” to Develop the Precious Metals Market
This technology works to create a fair investment atmosphere that allows investors to Practice their rights to buy and sell at any time.
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Egyptian travellers bring home 306 kg of duty-free gold in 42 days
Egyptian travellers returning from abroad brought more than 306 kilograms of gold exempted from customs duties and other fees from 11 May to 22 June.
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Egypt’s Petrojet, Siemens to provide tech solutions for Middle East industrial sector
The companies will have a special focus on water, oil and gas, tunnels, and infrastructure projects across the region, said a statement from Siemens.
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Eni Egypt Well Disappoints
The Nesr-1 well, one of two targets currently being drilled by Italian firm Eni off Egypt’s Nile Delta has struck sub-commercial gas volumes.
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Everything you need to know about Egypt’s project to supply ships with green fuel
Egypt and Norway back in May signed an agreement to jointly develop a new green methanol production project, which is the first of its kind.
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Will gold prices continue to drop or regain strength after Eid al-Adha?
Maghraby added that the period before Eid holidays was typically accompanied by a rise in gold prices.