Energy News
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IDSC: Egypt ranks 22nd in 2024 climate change performance index
Egypt came in the second place following Morocco in the Middle East and North Africa, the IDSC added in a statement.
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Egypt Plans For Gas Shortage By Lining Up FSRU
Even during the current demand off-season, Egypt is close to slipping into a gas deficit despite continued imports of around 1bn cfd from Israel.
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Agiba Petroleum Company to pump $500M in Egypt during FY24/25
Agiba is aiming for a daily production rate of approximately 30,000 barrels of crude oil and 119 million cubic feet of natural gas during FY24/25.
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Hurghada goes green: A sustainable transformation on the Red Sea
Egypt's Hurghada, a coastal gem nestled along the Red Sea, is set to undergo a remarkable ecological makeover to be a sustainable living hub.
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After many postponements, Fuel prices are up by EGP 1
In a move to address mounting economic pressures, Egypt has announced a hike in fuel prices by LE 1 across all gasoline types.
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Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia
The establishment of the new company is part of the petroleum ministry’s strategy and Modern Gas’ plan to expand abroad.
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EGP 99.6bn allocated for petroleum sector development in 2023/24
El-Said highlighted that Egypt Vision 2030 identifies the petroleum sector as one of seven key areas driving economic growth.
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Major Gulf bourses up on strong oil prices; Egypt extends slide
The index encountered a technical glitch earlier in the day displaying inflated gains, before the issue got fixed towards the end of the trading.
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14 Egyptian companies showcase at Xiamen Stone Fair: EECA
Regarded as a pivotal event for the marble and granite industry, the Xiamen Stone Fair serves as a key networking hub for a vast array of investors.
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Egypt Launches Natural Gas Company in Saudi Arabia with Capital of 2 Million Riyals
“Modern Gas Saudi Arabia” with an initial capital of 2m Saudi riyals, with a contribution of 80% of the capital structure of the Egyptian company.
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Egypt aims $145B raise in petroleum, non-petroleum exports within 6 years
Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to minimum 5%.
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Egypt solar energy project wins 'Energy Transition Deal of the Year' award
The 200 MW plant, Egypt’s largest private solar plant, is expected to make a significant contribution towards Egypt’s target of 42% renewables by 2035
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Egypt Drilling: Orion Flops As Shell Kicks Off Six-Well WDDM Campaign
Eni’s highly-anticipated Orion wildcat off Egypt’s Sinai has turned up dry. Hopes of a major 2024 find now rest on Shell’s ongoing Khufu.
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AMEA Power installs first turbine at 500-MW wind park in Egypt
Dubai-based renewables developer AMEA Power has installed the first turbine at its 500-MW Amunet wind project in Egypt.
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Chevron expands Egypt's natural gas reserves with $60M investment
Chevron, an American energy giant, is set to bolster Egypt's natural gas production with a significant investment of $60 million in the Mediterranean.
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Fuel prices likely to rise in Egypt: Petroleum official
Fuel prices in Egypt may witness an increase of about 10 percent – equivalent to one pound in gasoline prices.
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The Role of French Companies in Supporting Egypt’s Sustainability Priorities
This first event focused on the pressing topics of sustainable packaging and waste management.
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AOI inks deal with local development ministry for 4 waste management plants at €38.8 mln
The European Bank for Reconstruction and Development (EBRD) will fund the project as part of its Kitchener Drain Depollution Project- Solid Waste.
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Egypt receives 4 offers to explore for gold near Sukari mine
Once the two gold-rich areas are fully explored and developed, three additional regions will be opened up for a fresh round of auctions.
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UNIDO, Egypt sign agreement for $3M green Hurghada project
The Green Hurghada project targets the mitigation of greenhouse gas emissions, the preservation of biodiversity in the coastal Hurghada region.