Energy News
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Sisi poses for photo op with EGYPS 2023 participants
Sisi arrived earlier in the day at the Cairo International Conference Centre (CICC) to open the sixth edition of EGYPS 2023.
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Discoveries of East Med Gas Forum alleviate gas crisis in Europe
El-Sisi pointed out that the volume of supply was not at the required level during the past years, the prices have been increased during Covid.
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Egypt oil balance surplus continues for 3rd year exceeding $3B
Four international bids have been launched on Egypt's digital portal for exploration and production that was launched early 2021.
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Egyptian president, Greek PM discuss boosting relations, energy cooperation
Sisi and Mitsotakis stressed in a phone call their keenness to push forward their joint cooperation on the bilateral level in various fields.
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An overview of gold markets in the past 30years
Over the past thirty years, the gold market has materially evolved, becoming more diverse both from demand and supply perspectives.
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Investments worth $1.2bn planned for Zohr field in 2023-2024
Egyptian exports increased by 19.2 percent to hit $46.9 billion during the first 11 months of 2022, compared to $39.3 billion during 2021.
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Gempetco extends shelf drilling’s Jack-up rig term
The Rig 141 is a Marathon LeTourneau 82-SD-C unit, built in 1982. Its maximum operating depth is 76.2 meters (250 feet).
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Egypt 3rd in world in gold strategic reserves
Egypt has become the third in the world in terms of increasing the strategic reserves of gold, exceeding 125 tons, up from 75 tons.
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General division: Law does not license companies to keep hold of customers’ gold savings
The advertisements for buying and selling raw gold online for individuals through electronic applications on mobile phones are causing controversy.
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Madbouli reviews report on environmental activities
The ministry implemented integrated media campaigns to raise awareness about environmental and climate change issues within "Go Green" initiative.
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OPEC Fund to lend $50 mln to AFC to boost infrastructure, create jobs in Africa
The collaboration between the OPEC Fund and AFC is targeted at increasing access to long-term sustainable finance for infrastructure projects.
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All you need to know about Iqat gold mine
The deposit of Iqat Mine is estimated to hold around 1.3 mn ounces of gold. Expected direct investments in 2030 from $300 million to $1 billion.
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B Investment concludes sale of 6.38% equity in TotalEnergies Egypt
Revenues widened to EGP 1.32 billion in 9M-22 from EGP 112.08 million in 9M-21, the basic and diluted earnings per share hiked to EGP 4.04.
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Badr Petroleum Company produced 9M barrels since 2014
The meeting reviewed the Plan and Budget Assembly of WEPCO and Badr Petroleum Company for the fiscal year 2023/2024.
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Egypt’s president, Romanian PM discuss energy cooperation amid global challenges
Egypt’s President Abdel-Fattah El-Sisi and Romanian Prime Minister Nicolae Ciuca discussed on Monday in Cairo cooperation between the two countries.
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Top 10 Egyptian petroleum companies
Both state-owned and private companies are active in oil and gas exploration and production in Egypt.
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Egypt produces its first gold ingot
The gold extraction process must be carried out locally by Egyptian hands, these strategic reserves gives strength to Egypt's currency.
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Supporting Egypt’s transition to a greener economy
The programme also offers a technical assistance package and financial incentives from the European Union.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
The Damietta plant has exported 7.2mln tons of LNG since its restart in 2021.