Energy News
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Egypt’s gold exports decline by 45% in 5M 2023
Egyptian exports of jewelry and precious stones are still focused on some traditional markets without opening new markets for exports.
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Egypt to pen gold exploration contracts with Centamin, Barrick Gold within days
Centamin is pumping investments worth $9.1mln for exploration in 19 sectors.
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Denmark’s Maersk seeks to acquire Zaafarana wind farm in Egypt
Maersk has submitted an offer to the Egyptian government to acquire Zaafarana wind farm.
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All you need to know about Egypt's coming Mining Forum 2023
The forum, organized by the Ministry of Petroleum and Mineral Resources, highlights 120 years of geological discoveries in the country.
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EKHO announces new factory and production lines operation in Egypt worth $48 M in investment
Managing Director of EHKO, Sherif El Zayat, stated that the production capacity of the new factory is approximately 165,00 tons yearly.
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Chinese oil company eyes expanding petroleum cooperation with Egypt
The two sides discussed ways to increase cooperation between the NPIC and the Egyptian petroleum sector.
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The UAE’s Metito is looking to establish 4 desalination in Egypt
The four desalination plants that would serve their Egyptian green hydrogen production facilities.
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100 days in Egyptian wind energy projects
Egypt's wind energy sector has experienced remarkable developments, with multiple domestic and international entities making significant investments.
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Egypt Plans To Increase Its Dependence On Renewable Energy By The Year 2040
The country aims to reach 60% dependence on renewable energy by 2040. This is an update to the previous target of 42% by 2030.
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First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
Minister of Petroleum Tarek al-Molla witnessed the delivery of the first oil rig manufactured at the Egyptian-Chinese Drilling Company in Ain Sokhna.
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TAQA Arabia’s stock surge by 3900% after first day puzzle
TAQA Arabia’s stock surged by a whopping 3,900 percent to close at a value of EGP 20 per share, up from EGP 0.5, ending a two-day havoc.
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El Molla, US DOE’s Crabtree discuss methane and Carbon reduction co-op
The meeting examined the current efforts between the two countries within international initiatives.
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Golden Triangle development project is a vital national project, PM
The meeting emphasized the Safaga region, prioritizing it as a crucial phase in the Golden Triangle Economic Development Project.
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Egypt to establish 6 complexes to extract gold in Eastern Desert
The government-affiliated Shalateen Mineral Resources firm is working to establish these complexes.
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Actis favorite to acquire 580-MW Egyptian Red Sea wind farm
Emerging-market private equity giant Actis is in line to acquire the state-owned 580-MW Gabal El Zeit wind farm
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Shell, partners sign agreement to develop 10th phase of Egyptian Mediterranean gas concession
Shell's Egypt unit, BG Delta Limited, and its partners signed an agreement with two Egyptian state-owned energy companies and Malaysia's Petronas.
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SCA Chairman Inspects Solid, Liquid Waste Recycling Factory in Greece
The inspection tour included waste recycling facilities and laboratories at the Antipollution plant.
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Shell to begin drilling offshore Egypt this year
Subject to regulatory approvals, drilling activities are expected to commence in late 2023 when the rig arrives at the location.
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Masdar enters new partnership for Egyptian wind project
The landmark wind project will produce 47 790 GWh/y of clean energy per year and reduce around 9% of Egypt’s annual carbon emissions.
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Egypt to dig 35 new natural gas wells, investing $1.8 billion
Over the past five years Egypt has successfully dug 576 new exploratory natural gas wells and made 289 gas and petroleum discoveries.