Kuwait Energy and the Egyptian General Petroleum Corporation (EGPC) have signed a concession agreement to pump new investments for developing and exploiting Borg Al Arab Area in Western Desert.
On the sidelines of the International Petroleum (...)
Egypt's Ministry of Petroleum has signed a MoU with Kuwait Energy Egypt to provide capacity buildings for operation safety and assets integration teams, on the side-lines of Egypt Petroleum Show (EGYPS 2023) in Cairo.
The agreement was signed by the (...)
U.S. Oil and energy company ExxonMobil announced on Tuesday it had secured exploration rights to two blocks offshore Egypt. The blocks, Masry and Cairo, are located in the outer Nile Delta, covering more than 11,000 square kilometres.
The awards are (...)
A delegation from Japan's Toyota Tsusho Corp has arrived in Egypt on Monday to share initial results of a study to produce blue ammonia in the North African country.
Egyptian Petroleum Minister Tarek el-Molla has received the delegation and held (...)
Egypt has signed on Monday a memorandum of understanding (MoU) with Eni's Ieoc Production B.V. to boost bilateral cooperation in energy transition and clean energy areas.
The agreement will see the Egyptian Mineral Resource Authority (EMRA) and Ieoc (...)
German oil and gas company Wintershall Dea announced on Thursday it had divested a stake in a Gulf of Suez oil concession in Egypt as part of corporate strategy to focus on natural gas production.
"As of 1st January 2022, after 38 years of economic (...)
Hitachi Energy, formerly Hitachi ABB Power Grids, is delivering to Vestas a grid integration solution to connect the 250-megawatt Gulf of Suez 1 Wind Farm to Egypt's national power grid.
Vestas is the world's leading supplier of wind turbines1 and (...)
Egypt signed on Monday an agreement with Apache for oil and gas exploration in the Western Desert.
The agreement will see the U.S. company invest a minimum of $3.5 billion on research, development, and production in Egypt's western desert.
It was (...)
Women make up 45 percent of the Egyptian Atomic Energy Authority (EAEA) staff, said an official on Wednesday.
"Large number (of these women) have held senior and leading positions in the past few years," said Dr. Soheir Korraa, head of the (...)
Egypt and Israel have signed on Thursday a memorandum of understanding to potentially increase natural gas supplies from Israel to Egypt for re-export, according to a statement by the Egyptian petroleum ministry.
The agreement also includes the (...)
Japan's Toyota Tsusho Corp has signed on Tuesday an agreement with state-run Egyptian Petrochemicals Holding Company (ECHEM) and Egyptian Natural Gas Holding Company (EGAS) to conduct a joint study assessing future production of blue ammonia in (...)
State-run Egyptian Electricity Transmission Company (EETC) has signed on Monday a syndicated loan agreement worth around 4 billion Egyptian pounds ($254.8 million) with a consortium of four banks.
The consortium is led by the National Bank of Egypt (...)
Egypt has signed four new gold exploration contracts with Canadian miner Barrick Gold Corp, Ministry of Oil said in a statement on Monday.
The contracts will see Barrick Gold Corp exploring for gold for the first time in Egypt across 19 new blocks (...)
Egypt has signed four new gold exploration contracts with Australia's Centamin and Canada's B2Gold, Ministry of Oil said in a statement on Monday.
The contracts will see the exploration and development of gold and accompanying minerals in 15 new (...)
The Belgium consortium of infrastructure players DEME, Fluxys, and the company running the Port of Antwerp along with consultancy firm Roland Berger have submitted on Wednesday the feasibility study of Egypt's green hydrogen production project.
The (...)
Saudi Arabian utility developer ACWA Power announced on Wednesday that it has signed final agreements related to its 200-MW Kom Ombo solar photovoltaic (PV) project in Egypt.
During a virtual ceremony, ACWA Power said in a statement that it signed a (...)
Egypt will be achieving self-sufficiency in petroleum products – gasoline and diesel – in 2023, after the success in achieving self-sufficiency natural gas in 2018, Minister of Petroleum and Mineral Resources Tarek al-Molla said on Sunday.
Egypt (...)
Egypt has on Wednesday awarded 17 exploration blocks to four companies in an international bid round for gold exploration.
The contracts will see total investments worth $11.2 million.
Aiming to allure investor interest, Egypt introduced in 2020 new (...)
11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea, according to Minister of Petroleum and Mineral Resources Tarek el Molla.
The winning companies include 7 international companies (...)
The Egyptian Minister of Petroleum, Tarek El-Molla, met with the executive committee of Egypt Upstream Gateway (EUG) to follow up on the implementation of the project, the first of its kind in the Egyptian petroleum industry.
This project is part of (...)
Egypt's fuel price indexation committee, decided to keep fuel prices unchanged.
The committee which reviews and determines the prices of some petroleum products on a quarterly basis, maintained the price of three types of petrol products in the (...)
Egypt seeks to pump 60.6 billion Egyptian pounds investments into the development of the petroleum, natural gas, and mineral resources sector during fiscal year (FY) 2020/2021, representing about 8.2 percent of overall investments, the country's (...)
Egypt signed 12 agreements with major international companies for oil and gas exploration in the eastern and western Mediterranean Sea, the Red Sea, and the Western Desert with a minimum investment of above $1 billion, according to minister of (...)
Egypt electricity ministry has decided to fix the prices of medium- and high-voltage electricity consumption for factories over five years.
Factories wouldn't pay more as they have been struggling to keep up with rising costs on every front.
The (...)
Struggling state-owned and private sector factories will not have to pay 5.3 billion Egyptian pounds in overdue bills for natural gas they bought from subsidiaries of the Oil Ministry on or before 31 December 2019.
The ministry of petroleum has (...)