Energy News
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How did Egypt manage to save $900million in 10 months?
Egypt’s ability to save $900 million in under a year showcases the effectiveness of Egypt's reforms.
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Egypt to revive Ataka hydropower plant project
The state awarded the contract to build and fund a pumped-hydro storage plant to Sinohydro in 2018.
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Egypt’s GUPCO Confirms New Oil Discovery in Gulf of Suez
GUPCO will complete the development of the discovery by drilling two additional wells, which will contribute to adding over 5,000 barrels.
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Pre-drilling estimates in Gulf of Suez indicate 8 mln barrels of crude oil reserves
The petroleum ministry anticipates that production volumes may exceed this estimate.
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Saipem drillship arrives in Egypt to work on Eni’s giant gas field
The Italian firm classifies the field as a supergiant, containing 480 million barrels of oil equivalent (mmboe).
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Egypt amongst top 10 African countries with largest proven crude oil reserves
Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to the ‘Business Africa‘ platform.
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Egyptian expertise at the heart of Apacheʼs sustainable growth strategy
Apache has been a committed partner to Egypt and Egyptians for more than 30 years.
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Egypt Advances El-Dabaa Nuclear Power Plant with Parliamentary Approval
The agreement secures a government export loan from Moscow to support the construction of Egypt’s first nuclear power plant, the El-Dabaa facility.
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Egypt-Cyprus Talks Advance Plans for Cronos and Aphrodite Gas Fields
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Cypriot Minister of Energy George Papanastasiou.
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New BP Wells Boost Gas Production in Egypt’s West Mediterranean Offshore
By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Egypt saves $900 mln in 10 months through energy efficiency
By 2029, the country aims to add 12.4 gigawatts of wind energy, 8.1 gigawatts of solar energy, and 2.4 gigawatts of nuclear energy.
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Drilling rig for Zohr field to arrive in Egypt by end-January
Claudio Descalzi, CEO of the Italian energy company Eni, announced that the drilling rig for the Zohr gas field is expected to arrive in Egypt.
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Revival of Egyptian Anode Blocks Company Through MIH & BP Partnership
As part of the agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
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Petroleum Minister hands over Sisi’s invitation to Cypriot president to attend EGYPES
This came on Saturday 25/1/2025 during Christodoulides’ meeting with Badawy, who is on a current visit to Nicosia.
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Egypt targets 16.1 GW of renewables in 2029
Egypt aims to produce nearly 16.1 GW from solar and wind projects in 2029 as part of a drive to reduce reliance on conventional power generation.
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Egypt oil and gas sector outlook 2025
The sector stands at a pivotal moment where strategic decisions will determine Egypt's role as a regional energy powerhouse in the coming years.
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Egypt targets 16GW renewable energy in 2029
Most of the increase in the next few years will come from solar power projects, which will add around 5,800 MW, the source said.
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FRA forms advisory group to strengthen Egypt's voluntary carbon market
The formation of this advisory group follows the FRA’s successful launch of Egypt and Africa’s first voluntary carbon market in August 2024.
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JA Solar and CEEC secure 1.25GW module deal for PV storage in Egypt
JA Solar will be the exclusive supplier of high-efficiency n-type photovoltaic modules for the project.