Energy News
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Housing Ministry, WB officials probe cooperation in water projects
The discussions fall within the framework of continued cooperation between the Housing Ministry and development partners for Egypt Vision 2030.
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EBRD, Hassan Allam, Meridiam team up for developing renewable energy projects in Egypt
The project is a key part of the 10 GW renewables programme under Egypt’s EBRD-led energy pillar of the Nexus on Water, Food, and Energy.
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Egypt taking proactive steps for summer's electricity challenges
Egypt's Natural Gas Holdings Corporation has taken decisive action, securing liquefied natural gas (LNG) shipments to bolster energy reserves.
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Egypt Targets 42% Renewable Energy Share By 2035: Petroleum Min
Some of the world's largest corporations are now engaged in research and exploration activities in the Mediterranean.
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Saudi, Egyptian conglomerate to explore for oil in Gulf of Suez
Egypt's Minister of Petroleum Tarek El-Molla witnessed on Tuesday the signing of two agreements for oil exploration and production in the Gulf of Suez
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Egypt, Ecuador mull cooperation in petroleum sector
The meeting also tackled the final preparations for the memorandum of understanding (MoU) set to be signed between them.
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Egypt’s state gas firm to invest $2.6bln in 2024-2025
State-owned Egyptian Natural Gas Holding Company (EGAS) is planning to invest nearly $2.26 billion in the 2024-2025 fiscal year.
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€61.5m to boost the capacity of the Gabal El Asfar wastewater treatment
Already considered to be one of the largest wastewater treatment plants in Africa, and the capacity is set to increase in the next few years.
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Russian Company Aims to Invest $1 Billion in Egypt's Mining Sector
The Russian company "Infinity" intends to pump investments into Egypt in the mining sector of about $1 billion.
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Egypt considers importing liquefied natural gas to avoid shortage during summer
They said the gas would be routed through an existing facility in Jordan, although Egypt is seeking to establish its own floating terminal.
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Capricorn Energy receives $30 million in payments from Egypt
Oil producer Capricorn Energy received a payment of $30 million this week from the Egyptian government after its debt to the company rose to $169m.
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AMEA Power progresses with 500-MW solar project in Egypt
The Abydos Solar Power Company (ASPC), which is wholly owned by AMEA Power, is managing the construction and will own and run the solar power plant.
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Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields
This is part of a consortium leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.
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Water & food security projects top economic & social development plan in Egypt FY2024/25 budget
The government intends to construct 471 drinking water stations and 248 sewage treatment stations and increase housing units to 337,000 residentials.
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France, EU sign €61.5 mln financing agreements to develop Egypt’s Yellow River Water Treatment Plant
France and the European Union (EU) have signed 61.5 mln euro financing agreements to support the development of the Yellow River Water Treatment Plant
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Egypt starts repaying up to $1.5 bln in oil company arrears, sources say
Egypt began accumulating arrears to companies and contractors during a long-running foreign currency shortage.
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Onshore wind power: Amea launches work on a 500 MW field in Ras Ghareb, Egypt
UAE-based IPP Amea Power is completing the installation of the first wind turbine in its Amunet wind farm in Egypt's Gulf of Suez.
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Egypt ranks 2nd in CCPI index thanks to investment in renewables
The index data attributed this advanced ranking to the fact that Egypt has taken measures to invest in large-scale renewable energy projects.
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Egypt, Bahrain probe boosting cooperation in petroleum field
Zainal stressed the importance of working on fostering cooperation in new activities that reinforce integration between the two countries.