Energy News
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Lower natural gas exports widen Egypt's trade deficit by 4.3 percent in May
Egypt's trade deficit grew by 4.3 percent to $3.74 billion in May 2023, compared to $3.57 billion in the same month last year.
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Now is a good time to buy gold, says Egyptian commerce official
Milad explained that gold is a long-term investment as it is a store of value, indicating that its price is currently suitable for purchase.
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Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The CBE added that the value of foreign currencies included in the cash reserve declined to $26.530 billion by the end of July.
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Egypt receives 600 kg of duty-free gold in 3 months
Travelers to Egypt have brought around 600 kilograms of gold from abroad under a national decree exempting gold from customs duties.
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Egypt extends deadline for gold mining exploration bid in Eastern Desert until November
Egypt's state-owned Shalateen Mineral Resources Company (SMRC) has decided to extend its bid round until 9 November.
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Egypt bolsters its competitiveness in green hydrogen field
This came during the fourth edition of the round table meeting held on green hydrogen industry in Egypt.
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Demand for gold bars and coins in Egypt records 300% in Q2 2023
The report showed that growth was universal across the MENA region, but Egypt was of the largest contributors by far along with Iran.
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Shell to begin drilling oil exploration wells in Egypt in September
This is part of Shell’s plans to be an energy hub in the region amid the ongoing power cuts for the shortage of gas supply needed for power stations.
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Egypt: a transit station improves solid waste management in Cairo
Cairo has acquired a new solid waste transit station. The facility, located near the Port-Saïd road, has a capacity of 2,000 tonnes per day.
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7 questions about green hydrogen in Egypt answered
Egypt is becoming a regional hub for green hydrogen production and export due to its strategic geographical location, and solar and wind resources.
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TotalEnergies and Dar Al Orman collaborate to deliver clean water connections in Al Fayoum
This initiative comes in line with the company strategy for supporting the countries operating in.
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Egypt received its first shipment of mazut
The shipment is the first of the government’s planned imports of Mazut to meet the increasing demand for electricity.
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Emerging Clean Energy Hub: Egypt’s Potential as a Regional Renewable Energy Leader
Egypt has an ideal location and weather conditions to potentially become a renewable energy hub.
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Emirati Dragon Oil to boost oil production in Egypt by 27% within two months
Dragon Oil will start production within two months from the North Safa field in the Gulf of Suez, with a capacity of 15,000 barrels of oil per day.
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Egypt OKs Danish Maersk’s proposal to purchase half of Zaafarana wind farm
Accordingly, the government requested Maersk to submit a financial offer to pave the way for negotiations.
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Cairo University ranks 1st in competition for best environmentally friendly university
Elkhosht said that Cairo University advanced in the global classification of environmentally friendly green universities in sustainable development.
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Swiss firm Smartenergy could invest USD 1 bn in Egypt green hydrogen plant
This would be the firm’s first project outside of Europe, founded in 2011, Smartenergy invests in solar, wind, and hydrogen projects.
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Egypt’s Environment Minister reviews progress of municipal solid waste management system
She referred to the birth of the new environmental and climate investment unit under the umbrella of the Ministry of Environment.
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Egypt, a key US ally in the energy war against China and Russia
The Western alliance of the US and Europe fights dependence on Russian gas through its alliances with Cairo.