Energy News
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Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt
The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline.
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Egypt says talks over Grand Ethiopian Renaissance Dam have failed
Egypt has long opposed the project because of worries about its future supplies of water from the Nile, on which it is heavily dependent.
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Mastercard, Masria Digital Payments launch 1st carbon calculator in Egypt
Global e-payment giant Mastercard has partnered with Egyptian Masria Digital Payments company (MDP) to launch a carbon calculator in Egypt.
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Oil Rises to Highest Level in Two Weeks amid Red Sea Shipping Concerns
The recent escalation in attacks by the Iranian-backed Houthi group in Yemen has fueled a rise in oil prices.
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Centamin raises estimate for Egypt’s Sukari gold mine reserves by 10%
Global gold mining company Centamin has raised its estimates of gold reserves in Egypt's largest producing mine by 10 percent.
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Egypt Signs MoU with Romania's “CIS” to Support Implementing Natural Gas Networks
The memorandum of understanding was signed by Mohamed Fathi, Chairman of Town Gas, and the General Manager of the Romanian CIS Gaz Company.
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Egypt extends contract with Lukoil for Eastern Desert oil concession
Egypt extends Lukoil's contract for the West Esh El-Milaha oil field, boosting production and attracting significant foreign investment.
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Egypt’s petroleum imports shrink 11.4% in September: CAPMAS
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August.
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Maryzad Plans Logistics Center For Solar Projects In Egypt And Neighboring Regions
The Chairman of Maryzad Solar Co., Amr Baybars, revealed plans for the center, to be launched in the Suez Canal Economic Zone,.
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EFG Holding aims to raise $300m in Vortex 4’s second funding round
The source indicated that the fund’s total size is expected to surpass $500m post-second closing, with a focus on attracting Gulf sovereign funds.
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Saudi-led consortium secures major service contract with Egyptian Petroleum Corporation
Saudi-led consortium signs 10-year contract with EGPC to boost production in Egypt's SUCO and OSOCO oil fields.
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Majid Al Futtaim And engazaat Collaborate For 20+ Megawatts Of Solar Power Across Egypt And Lebanon
engazaat’s solar plants will generate 737 million kilowatt-hours of clean electricity over the project’s lifetime.
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Egypt prepares to export 2 liquefied natural gas shipments to Europe
The shipments will depart from the liquefaction stations in Idku and Damietta in mid-December 2023.
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Gold industry is pillar of Egyptian manufacturing: New Egypt Gold
The gold and jewellery sector occupies a prominent role in Egyptian manufacturing, owing to its rich heritage and exceptional quality.
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Libya’s Ministry of Oil and Gas condemns Egypt-South Korea oil deal
Libyan Ministry condemns Egypt-South Korea deal for exporting Libyan oil via Garjoub without Libya's knowledge or involvement.
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Egypt, EU sign water partnership declaration
The declaration also aims to ensure benefiting from the technological, scientific, and management capabilities of Egypt and the EU.
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UAE’s BEEAH inks deal to establish waste recycling firm in New Administrative Capital
Under the contract, the two sides will cooperate in several areas, including the establishment and operation of factories to recycle tires.
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Egyptian government delays sale of Wataniya stations
TAQA Arabia has submitted its bid, and a consortium comprising Shell and a Saudi investor has also presented an offer.
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UAE's Beeah sets up new JV to revolutionise Egypt waste management
Aligned with the goals of Egypt Vision 2030, the venture sets a bold target of achieving an 80% landfill waste diversion rate.
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UAE's ENEC, Egypt’s Nuclear Power Plants Authority sign MoU at COP28
The MoU sets the framework for the two entities to explore opportunities for cooperation in advancing the use of peaceful nuclear energy.