Energy News
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Egyptian Oil, Gas exports to increase 30.6% by 2022/23
The WB stated that Egypt’s current account deficit in FY2021/22 narrowed to 3.5% of GDP, compared with 4.4% in FY2020/21.
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Petroleum projects exempted from investment rationalization decision
El Molla added that the companies that entered into partnerships with the Ministry of Petroleum usually cover initial investments in new projects.
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Egypt’s solar energy company KarmSolar secures $3 million from HSBC
The new solar project is expected to become fully operational by Q3 2023.
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El Molla tours the future mineral forum exhibition in Riyadh
The exhibition involved an area for presenting the latest mining techniques currently and in the future in addition to an outdoor area.
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Saudi MA'ADEN eager to invest in Egyptian mining industry
The petroleum ministry is looking forward to attracting annual investment of $1 billion into the sector of gold prospecting, he revealed.
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One-year extension for Shelf Drilling jack-up rig in Egypt
The contract for the 1982-built, MODEC-designed jack-up, includes a one-year option period.
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Egypt to benefit from mining in the golden triangle
The Golden Triangle project is one of the major mining projects intended to be established between Qena, Safaga, and al-Qusayr.
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Apex acquires six concessions in Egypt’s Western Desert
Apex also acquired a 25% interest from IEOC in the East Obaiyed concession and will acquire a 25% interest in the South West Meleiha concession.
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Egypt commits to IMF to slow projects, increase fuel prices
In a letter of intent to the IMF dated Nov. 30, the government said it sought the support after the war in Ukraine increased existing vulnerabilities.
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BPE Partners okays US$30 mln offer for remaining stakes in TotalEnergies Marketing Egypt
he yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total.
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ExxonMobil secures offshore blocks in Egypt
The two blocks, Masry and Cairo, are located in the outer Nile Delta and cover more than 11,000 square kilometres.
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Egypt-UAE sign deal to build 1,000-MW of solar and wind power
The company expects to bring the solar photovoltaic (PV) plant online in the first quarter of 2025 and the wind farm in the second quarter of 2025.
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El Molla chairs workshop for exploring mining investment opportunities at the golden triangle economic zone
Developing the Golden Triangle needs contributions from all the state’s related agencies and entities, which accelerate investments attraction.
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EBRD promotes Egypt's transition to green energy with €1.3 billion
Moving from pledges to finance mitigation and adaptation projects from the repercussions of climate change.
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Egypt’s oil and gas sector is growing despite an economic crisis
In November 2022, BP won two oil exploration blocks offshore the Nile Delta, in the Mediterranean Sea.
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Egypt's green public investments to increase 50% by 2025- Minster
Green projects include manufacture of electric vehicles or those equipped with natural gas, solar energy, green hydrogen, desalination of sea water.
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Egypt announces new fuel prices for 2023 within days
The committee issues new fuel prices for 2023, taking into account that the rate of increase or decrease does not exceed 10 percent.
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Sustainability Forum Middle East to kick off this Thursday
Sustainability Forum Middle East today announced that its inaugural edition taking place in the Kingdom of Bahrain on January 12, 2023.
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Egypt’s RME awarded construction contract within Fayoum wastewater programme
$12mln contract awarded for sewerage networks and pumping stations.
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Egypt's PM reviews report on efforts to implement 100 Million Trees Initiative
The prime minister reaffirmed the importance of the role of the presidential initiative in doubling the per capita share of green spaces in Egypt.