Energy News
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Gold Prices Rise in Local Markets Amidst Dollar Appreciation
The price of 21-carat gold recorded approximately 7100 Egyptian Pounds per gram. Concurrently, the global ounce price rose to 4541 US dollars.
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Egypt Turns to Libyan Oil Amid Gulf Supply Disruptions
Egypt is seeking to import at least one million barrels of oil per month from Libya.
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Egypt's Sisi says only Trump can stop war, warns oil could top $200
The war will trigger twin shocks of supply shortages and price rises, the full extent of which have yet to be felt, Sisi told the conference.
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Kyuden expands into Egypt with 1 GW solar
AMEA Power partnered with Kyuden International and IFC for a 1,000 MW solar and 600 MWh battery project in Egypt.
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Egypt approves Waste Management Authority budget
To date, the authority has issued around 2,300 licences for integrated non-hazardous waste management activities.
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Egypt to slow energy-intensive mega-projects, expand work-from-home as oil import bill surges
Egypt will slow work on energy-intensive mega-projects for two months, introduce mandatory work-from-home on Sundays at government workplaces.
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Egypt’s is in energy-saving mode: what does that mean?
Egypt’s energy imports have become significantly more expensive, influenced by global price volatility, geopolitical tensions, & import reliance.
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7 Things to know about Egypt’s El Dabaa nuclear project right now
With construction accelerating and geopolitical pressures reshaping energy strategies, understanding where the project stands today is critical.
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Apache Makes New Natural Gas Discovery in Egypt
Preliminary test results from the well show daily production rates of approximately 26 million cubic feet (mmcf) of natural gas and 2,700 barrels.
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Iran war puts renewables in focus as an alternative to dependence on energy imports
Rises in energy prices filter through every economy in the world, but the impact is most acute for net energy importers like Egypt.
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Orascom Construction consortium to develop build-own-operate wind farm in Egypt
Orascom Construction will also execute all civil and electrical works for the balance of plant, in addition to supplying certain local components.
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Egypt, Russia discuss progress on Dabaa nuclear plant project
The minister addressed the work plan for the ongoing preparations to receive the electrical equipment and giant generators.
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Orascom Construction, Engie, Toyota Tsusho sign PPA for 900 MW wind farm in Egypt’s Ras Shokeir
The new development will bring the consortium’s total wind capacity in Egypt to around 1.8 GW.
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Egypt advances €2.05bn Beni Suef power plant supplying 15% of national electricity capacity
The plant, one of Egypt’s largest electricity generation facilities, was developed at a total cost of €2.05bn in addition to EGP 43m.
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Egypt signs power purchase agreements for 5.6GW of new solar and wind
Egyptian Electricity Transmission Company (EETC) has signed PPAs for 5.6GW of new on-grid solar and wind capacity.
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Arcius Energy to Drill Two Offshore Gas Wells in Egypt
The initiative is aimed at strengthening exploration and upstream activities in Egypt.
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Egypt Receives Valaris DS-12 Drilling Ship to Launch New Mediterranean Gas Wells
The ministry said the vessel’s deployment is part of a broader program to drill four new gas wells in cooperation with BP and Arcius Energy.
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Egypt Pays Its Share of the War’s Cost
In this context, Egypt has seen successive increases in gasoline and diesel prices, amounting to three Egyptian pounds per liter.
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Expert warns of $200 oil in ‘greatest energy crisis in history’
Salameh explained that a six-month blockade could drive prices to between $150 and $200 per barrel.
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Egypt says it will pay $1.3 billion in arrears to oil companies by June
Egypt had accumulated about $6.1 billion in arrears to foreign oil companies by June 30, 2024 due to a prolonged foreign currency shortage.