Energy News
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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.
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2.24% increase in manufacturing, extractive index during November 2022
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 112.43 during November 2022.
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Egypt government approves 13 oil, gas exploration deals
The areas affiliated with the Egyptian General Petroleum Corporation were within the Western Desert.
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Saudi Arabia’s Ma’aden to invest in Egyptian mining sector
Minister of Petroleum and Mineral Resources announced plans by Saudi Arabia’s state-owned mining firm, to invest in the mining sector.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
Damietta LNG facility has produced and loaded its 500th shipment of liquefied natural gas since it began operations in 2005.
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Egypt to move three super-sized distillation towers to Western Desert to boost gas production
The move will boost the daily production capacity at the complex to 1.5 billion cubic feet.
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Sixty percent of Egypt’s gas exports went to Europe
The Egyptian Ministry of Petroleum announced Egypt has exported 60 percent of its natural gas production to Europe for the first time in history.
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Egypt's Iqat mine produces first gold bar after 2020 discovery
Mining in the country's Eastern Desert is being carried out by state-owned Shalateen.
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In Egypt: Construction begins on Africa's largest solar power plant
AMEA Power reached financial close for the delivery of 1 GW of renewable energy projects in Egypt and construction started January.
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Careem, iCheck, and Cargas partner to convert cars to natural gas with payment facilities
iCheck succeeded in converting 1,000 cars to run on clean energy in Sharm El-Sheikh before COP27.
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Indian firms express 'huge interest' in investing in Egypt clean energy & infrastructure projects
Leading Indian companies, including ReNew Power and the Adani Group, have expressed to President Abdel-Fattah El-Sisi "huge interest" in clean energy.
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ADC, Jordanian-Egyptian Fajr company sign natural gas agreement
The first phase of the deal includes supplying 1,800 dunums of the industrial zone with gas at a capacity of 90,000 cubic metres per hour.
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Khaled Abu Bakr, Executive Chairman, Taqa Arabia: Interview
The Egyptian gas network is considered reliable according to Khaled Abu Bakr. In the interview, he talks about his assessment of the future.