Energy News
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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Petrojet Achieves 1,620-Meter Tunnel Excavation for Fourth Metro Line
This stretch covers the distance between Hadayek Al-Shagar station and Hadayek Al-Ahram station.
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Greening the desert: is Sisi’s grand plan using up all of Egypt’s water?
The ‘Future of Egypt’ envisages turning tracts of desert into farmland to grow crops for export.
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EGPC, Shell, Petronas Sign $222 Million Agreement for West Delta Development
This comes with a total investment of $222 million, and a commitment to drill three wells to produce natural gas and establish marine facilities.
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Egypt considers purchasing floating regasification unit with Jordan
Egypt is considering a partnership with Jordan to contract an international company to purchase a floating gasification unit.
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Initiative to install solar cells on rooftops at Alexandria Free Zone to be launched soon
A number of mechanisms have already been adopted by some investors to reduce emissions and boost the recycling of minerals and water.
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Egypt Signs Landmark $120 Million Agreement with Cheiron
The agreement is sealed between EGPC; Cheiron Energy and KUFPEC to pump new investments for boosting development operations.
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Minister of Investment inspects factories implementing sustainable processes in Alex
The Alexandria Free Zone hosts 417 projects, making it Egypt's largest and most export-orientated free zone.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Egypt's new rules for brokerage firms in carbon market explained
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Egypt to implement $750M two renewable energy projects by October
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
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Egypt water projects receive 19% of concessional development financing
Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
This comes as Saudi Arabia and Egypt deepen their energy cooperation, with Egypt signing a $4 billion deal with Saudi Arabia’s ACWA Power in December.
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).
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Fertiglobe to export green ammonia from Egypt to Europe, securing contract worth €397M
Fertiglobe has secured a contract valued at €397 million to supply green ammonia to the European Union.