Energy News
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AOI inks deal with local development ministry for 4 waste management plants at €38.8 mln
The European Bank for Reconstruction and Development (EBRD) will fund the project as part of its Kitchener Drain Depollution Project- Solid Waste.
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Egypt receives 4 offers to explore for gold near Sukari mine
Once the two gold-rich areas are fully explored and developed, three additional regions will be opened up for a fresh round of auctions.
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UNIDO, Egypt sign agreement for $3M green Hurghada project
The Green Hurghada project targets the mitigation of greenhouse gas emissions, the preservation of biodiversity in the coastal Hurghada region.
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SIG partners with Plastic Bank and GIZ in project to boost recycling and empower collection communities in Egypt
According to PractiQ Consulting, Egypt generates more than 95 million tons of waste annually and currently only 60% of this waste is collected.
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Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355
It closed the week’s trading at EGP 3,270 per gram, after opening the week’s trading at EGP 2,915 per gram.
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How Egypt wants to use solar energy to decarbonise its aluminium industry
Aluminium is an essential metal in the construction sector. However, its production is responsible for 2% of global emissions (in 2018).
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Egypt, Norwegian Company to set up $1.1B solar station
This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi.
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Egypt unveils hydrogen plans for Suez Canal
Egypt has signed seven agreements with seven international developers to develop green hydrogen production plans and renewable energy installations.
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TAG Oil Targets Egypt's Largest Frack, Eyeing Significant Oil Market Impact
TAG Oil embarks on Egypt's largest fracking operation in the Badr Oil Field, signaling a strategic shift in the global oil landscape with over 500m.
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Gold Prices Increase, 21-Karat at EGP 2900 Amid Rise in Global Stock Market and US Dollar Parallel
The 24-karat gold reached EGP 3314, 18-karat registered EGP 2486, 14-karat gold sold at EGP 1934, and the gold pound hit EGP 23200.
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Egypt launches solar energy platform to promote renewable energy adoption
A central monitoring dashboard has been established at the Ministry of Electricity and Renewable Energy headquarters.
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Co. Working To Unlock Great Oil Resources in Egypt
The Canadian oil and gas company is currently trading at about CA$0.48 per share. The return to target from this price is 129%.
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Egypt signs 7 green energy deals to unlock over $40bln of investments
The MOUs are expected to culminate in investments worth $12 billion for the pilot phases and $29 billion for the first phases.
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BP plans to invest $1.5bln in Egypt, Bloomberg News reports
The joint venture, expected to be formed in the second half of this year, will be 51% owned by BP and 49% by ADNOC, the companies said at the time.
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Petronas Lubricants Expands in Egypt, Aiming to Make It African Export Hub
Discover how Petronas Lubricants International is working with EV For Petroleum Services Company to expand its presence in the Egyptian market.
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Romania's CIS Gaz opens new branch in Egypt
The company said it has also delivered the first batch of Romanian-manufactured equipment for the Egyptian government's Hayah Karima project.
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Egyptian, Japanese firms to co-produce atmospheric water generator
This extension builds upon the long-term agreement signed in May 2021 and is funded by the Japan International Cooperation Agency (JICA).
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Egyptian investors consider pumping $380 million to produce sustainable aviation fuel
This fuel is derived from a variety of ingredients ranging from waste oils and fats to sugar crops and some trees and grasses.
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Sisi says Egypt eyes enhancing cooperation with BP in green hydrogen production
The meeting was held on the sidelines the seventh edition of Egypt Energy Show (EGYPES 2024) at Al Manara International Conference Center.
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Shell Global aims for new exploration discoveries in Egypt
Shell aims to acquire new concession areas as part of its efforts to increase production, according to El-Molla.