Energy News
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Toshka lakes have been growing for the last 5 years
The Toshka Lakes appear due to periodic overflow of Lake Nasser (dark water body to the east/right of the Toshka Lakes)
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Egypt's petroleum sector thrived in 2023, here's how
Egypt has sealed 29 agreements valued at an impressive $1.2 billion for oil and gas exploration.
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Top 10 petroleum service companies in Egypt
Petroleum service companies provide a range of specialized services to the oil and gas industry, including engineering, procurement, and drilling.
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Egypt Signs MoU with Chinese Company to Establish 10 GW Solar Power Plant
The solar energy project, for which the memorandum of understanding was signed, will produce about 29,784 gigawatt-hours of clean energy annually.
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Egypt's Transport Ministry gets approval from Cabinet for $3B green hydrogen project
The proposed project will be strategically located near the Jarjoub sea port and the Jarjoub Special Economic Zone.
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Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea Assets
This amount includes the outstanding bonds of Wintershall Dea, with a nominal value of around $4.9 billion that will be transferred to Harbour.
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Egypt, China to produce solar power, semiconductors
The prime minister affirmed Egypt's active commitment to fostering its renewable energy industry.
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Dahab Masr, Blnk partner to create new gold investment opportunities in Egypt
Through the Blnk application, Dahab Masr’s customers will be able to purchase gold bars and coins through a variety of instalment options.
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Gold Prices in Egypt Soar, Reaching 3050 EGP per Gram
In a significant development, the price per gram of gold in Egypt reached 3050 Egyptian pounds on Sunday, December 24, 2023.
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Irrigation Min. Discusses with EBERD Rehabilitation of Kitchener Drain, Water Resources Management
The project components include implementing protection and strengthening works for the bridges of the Kitchener Bank and its branches.
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President El-Sisi Follows up on Green Hydrogen Production Projects
The strategy aims for Egypt to become one of the leading countries in the low-carbon hydrogen economy in the world.
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Egypt's PM reviews proposal to extract minerals from seawater desalination projects
This comes in light of the expansion of seawater desalination projects during the current stage.
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Egyptian 21-carat gold price to surpass EGP 3,000 by mid-2024
Dahab Masr projects that the price of 21-carat gold in Egypt will cross EGP 3,000 before mid-2024, as indicated in their technical analysis report.
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Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt
The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline.
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Egypt says talks over Grand Ethiopian Renaissance Dam have failed
Egypt has long opposed the project because of worries about its future supplies of water from the Nile, on which it is heavily dependent.
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Mastercard, Masria Digital Payments launch 1st carbon calculator in Egypt
Global e-payment giant Mastercard has partnered with Egyptian Masria Digital Payments company (MDP) to launch a carbon calculator in Egypt.
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Oil Rises to Highest Level in Two Weeks amid Red Sea Shipping Concerns
The recent escalation in attacks by the Iranian-backed Houthi group in Yemen has fueled a rise in oil prices.
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Centamin raises estimate for Egypt’s Sukari gold mine reserves by 10%
Global gold mining company Centamin has raised its estimates of gold reserves in Egypt's largest producing mine by 10 percent.
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Egypt Signs MoU with Romania's “CIS” to Support Implementing Natural Gas Networks
The memorandum of understanding was signed by Mohamed Fathi, Chairman of Town Gas, and the General Manager of the Romanian CIS Gaz Company.
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Egypt extends contract with Lukoil for Eastern Desert oil concession
Egypt extends Lukoil's contract for the West Esh El-Milaha oil field, boosting production and attracting significant foreign investment.