Energy News
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Foreign Investors Can Now Finance Renewable Energy Projects in Egypt
The Ministry of Electricity and Renewable Energy is now offering green hydrogen projects in Aswan, Sohag and the Nile bank.
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Aswan set to become a solar power hub
ACWA Power, a Saudi utility developer, has signed a $123 million financing agreement for the development of a 200 MW solar power plant in Aswan.
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Egypt’s Mercantile Exchange is considering trade in aluminum, gold
The aim of adding these commodities is that they are highly traded and go through multiple price fluctuations, sources said.
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Egyptian oil and gas exports drop 28.1% in first two months of 2023: CAPMAS
Exports were recorded at $2.74 billion in the January-February period of 2022, representing a decrease of 28.1 percent or $769 million.
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Egypt’s Sinai Manganese Co seeks private partners to expand industrial portfolio
The company is owned 49 percent by Holding Company for Chemical Industries, which comes under the Ministry of Public Enterprise Sector.
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Russia expands nuclear project in Egypt
Russian state-owned energy giant Rosatom has begun building a third reactor at the El-Dabaa Nuclear Power Plant (NPP) in Egypt.
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Egypt fixes fuel prices on Wednesday
The Egyptian Petroleum Products Automatic Pricing Committee during its Wednesday meeting recommended it fix the different prices of fuel.
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Gold rush: Why Egyptians are paying sky-high prices for gold
Despite the sky-high prices, people are waiting in long queues to buy gold. Retailers are pricing their products based on a dollar almost EGP50.
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bp awards subsea operations offshore contract off Egypt to Subsea7
Subsea7 has commenced project management and engineering, and will oversee the project from its French, UK and Portuguese offices.
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Egypt will be saving 20% in diesel subsidies after recent price increase
Egypt will save EGP 16 billion ($516.97 million) or 20 percent of the annual diesel subsidies bill.
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Eni delivers Egyptian LNG to new regas plant at Piombino
Eni has delivered a cargo of Egyptian LNG to Snam’s regasification terminal in Italy.
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Egypt raises diesel prices
Egypt's fuel pricing committee raised its diesel prices by EGP 1 to EGP 8.25 ($0.2666) per liter but kept gasoline prices unchanged.
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Fitch Solutions: Egyptian petrochemical sector exports grew 45% in 2021
Fitch Solutions indicated that the Egyptian petrochemical, chemical, and cement industry exports have grown by 45%.
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IMF: Egypt’s Expatriate Remittance Inflows Remained Strong in H2 of 2022
The fund attributed this in part to the spread of subsidised lending initiatives in the second half of last year 2022.
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Subsea 7 and SLB alliance bags BP contract in Egypt
Project management and engineering have commenced and will be managed from Subsea 7 offices in France, the UK and Portugal
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Molla: We expand spot contracts to export LNG
Molla said in statements on Monday 1/5/2023 during talks with Spanish Ambassador in Cairo Álvaro Iranzo.
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Egypt prequalifies 17 consortia for its water desalination program
The desalination plants will be powered by renewable energy sources in various locations across Egypt.
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Egyptian Parliament approves new law allowing nuclear power plants to desalinate water
suppliers are exempted from all taxes and fees required for fulfilling their obligations in accordance with the contracts signed with the NPPA.
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Spain Looks to Egypt for Fulfilling its Gas Demands
The parties discussed an overview of the investment opportunities available in Egypt in the field of oil, gas and petrochemicals.
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Egypt efforts to reduce emissions started showing results
Egypt's efforts to reduce emissions and increase energy efficiency can have a big positive impact on the environment and economy.