Energy News
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Agiba Petroleum Company’s total investments reach $417M during FY2023/2024
El-Gendy also announced the construction of a new state-of-the-art station to treat oil-associated water with a capacity of 45,000 barrels per day.
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Egypt, EU launch €7M green facility to support green transition
The program provides comprehensive technical support to help Egypt strengthen sector strategies, improve water governance.
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Egypt aims to boost natural gas output by 30% per day by 2025
This production increase aligns with the government’s commitment to settle arrears owed to foreign oil companies before the fiscal year ends.
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Egyptian companies deliver natural gas to homes in Europe
This comes after Town Gas was approved by the Romanian Energy Authority, becoming the first Egyptian company working in this field in Europe.
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Gold Prices Surge, 21-Karat Gold Reaches EGP 3,600
Meanwhile, the global price of gold closed at $2,657 per ounce, achieving a weekly gain of $1, or 0.2%.
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ADNOC, ENPPI partner to boost UAE's local industrial sector
The UAE nationals to be employed will be trained by ENPPI at its Project Home Office in Dubai South and headquarters in Cairo, Egypt.
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Chevron to Start Drilling New Gas Well in Egypt's Mediterranean
The upcoming drilling is part of Chevron's broader strategy to expand its presence in Egypt's energy sector.
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Norway, Germany sign €30 mln grant for Egypt's green hydrogen
This fund is directed towards industrial projects at various stages along the green hydrogen value chain.
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SCZone to produce solar panels at $1.8 mln
According to the statement, the factory is expected to operate within two months, providing 42 job opportunities.
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Egypt is qualified to be a global leader in renewable energy field
This came during his participation in the Hamburg Sustainability Conference in the German city of Hamburg.
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Egypt's Petroleum Min. Meets Macron on Sidelines of Francophonie Summit
The 19th Francophonie Summit was held in the French capital, Paris, on October 4-5.
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Egypt, Bavaria unite to advance Hydrogen Cooperation
The opportunities for cooperation are in hydrogen trade, focusing on production potentials and expanding hydrogen’s logistical pathways.
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bp Outlines Plans to Accelerate E&P Operations in Egypt
He also highlighted the new incentive package recently introduced by the petroleum sector, aimed at increasing oil and natural gas production.
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El Dabaa / Rosatom Begins Installation Of Unit 2 Inner Containment
The inner containment is a critical safety component, designed to prevent radioactive leakage into the environment in the event of an emergency.
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Egypt considers localising electrolyser manufacturing
Other companies represented at the meeting include Norway's Scatec which has renewable energy and hydrogen projects in Egypt.
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LNG pressures drive FX liquidity concerns
Market focus has shifted from tourism, Suez Canal revenues to declining FX proceeds from LNG exports.
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Renewable energy to supply 42% of energy mix in Egypt by 2040
Esmat noted that Egypt’s strategy focuses on efficiently managing its natural resources while reducing carbon emissions and promoting green energy.
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BP, ADNOC plan to expand natural gas exploration in Egypt
The bidding process aligns with the ministry's strategy to attract fresh investments to Egypt, emphasizing the exploitation of promising opportunities
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Global south secures less than 15% of investments in renewable energy
The global south, representing 65 percent of the world's population, secures less than 15 percent of renewable energy investments.
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Egypt pays $1,2 billion in back payments to foreign oil companies
Three officials told Asharq that Egypt's efforts to pay arrears to foreign oil companies come at a time when it is trying to increase natural gas.