Energy News
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Beltone to launch gold fund in Egypt
The FRA has established a regulatory framework specifically for investment funds in metals.
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Large Gold Deposit Discovered in Egypt
Martin Horgan, the CEO of Centamin, has revealed a substantial gold deposit discovery in eastern Egypt.
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Egypt’s gold reserves at mines hit 25 mln ounces
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag.
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Egypt, Saudi Arabia sign MoU for mineral exploration
Alkhorayef affirmed the joint commitment to strengthen collaborative mining efforts and facilitate the private sector’s investment in mining.
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ACWA power, Hassam Allam Utilities partner for $1.5 billion wind power project
Secured for up to 25 years, the ACWA Power led consortium will help secure financing and find land for a massive new wind farm.
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SDX Energy: Major partnerships and asset sales in Morocco and Egypt
SDX Energy secures key partnerships and asset sales in Morocco and Egypt, enhancing operations and financial position significantly.
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Centamin's eastern Egyptian maiden drilling reports strong results
Centamin PLC on Tuesday said that its eastern Egyptian desert exploration programme had yielded an "encouraging set of maiden drill results".
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Egyptian agritech company unveils soilless solution to water shortage
An agritech company in Egypt has introduced a soilless solution to the water shortage that has affected farmers across the country.
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Egypt gold market between highs and lows
Understanding the dynamics at play sheds light on Egypt's unique gold market situation. Here are some key insights into Egypt's gold price state.
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Dragon Oil Starts Production at Egypt’s Al Wasl Field
The company aims to connect the second well – located south of the Belayim 293-5A well – by mid-January 2024.
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Egypt's parliament passes generous green hydrogen subsidy law
Companies can get 55% tax credit on H2 projects, if they meet strict requirements on foreign financing and local content.
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Egypt Launches First Production Well in North Safa Oil Field
A second well, currently under construction, is anticipated to be completed by mid-January, which will boost the field’s output to 6,000 barrels.
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United Oil & Gas PLC announces successful drilling of ASD S-1X well in Egypt
United Oil & Gas PLC successfully drills ASD S-1X well in Abu Sennan; awaits Egypt's approval for commercial production commencement.
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Small-cap stock jumps after it commissions its recycling plant in Egypt
The post-consumer recycling (PCR) Plant in Egypt having installed a capacity of 18000 MT per year.
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Egypt ranks 22nd in global climate change performance index
Egypt came second in the Middle East and North Africa, following Morocco, the IDSC added.
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Supply Min. Seizes 84 kilograms of Counterfeit Jewelry in 2023
The Ministry of Supply and Internal Trade has issued 282 violation reports related to the control of markets dealing with precious metals.
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Egyptian billionaire Ahmed El-Sewedy’s firm on track to finish $2.9 billion Tanzanian dam
Elsewedy Electric's CEO Ahmed El-Sewedy announces impending power generation in mid-February 2024.
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Egypt set to launch mining portal for investors
This platform is designed facilitate investment opportunities for those interested in setting up minerals project in Egypt.
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Egypt signs €135M deal with EIB for sustainable green industry project
The project aims to support the green transformation in the industrial sector by implementing climate change and environmental sustainability measures
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With $125M investment… Egypt places 1st well of 'North Safa' field on production map
The first phase of early production in the 'North Safa' field was executed by an Egyptian consortium, comprising "Eni, Petrojet, and Marine Petroleum.