Latest in Energy Highlight
Latest in Energy
Egypt plans to increase power grid interconnection with Libya to 2,000 MW
Interconnection project starts from Wadi El-Natrun in Egypt, end in Libya’s Tobruk
Egypt awards 8 oil, gas exploration concessions to international companies
Eni, British Petroleum, Apex International, Energean Egypt, INA Nafta, Enap Sipetrol, and United Energy win oil concessions in Egypt’s first digital tender
Egypt, IEA, US energy companies discuss cooperation for COP27 success
During their meeting, El-Molla sat down with Executive Director of the International Energy Agency (IEA) Fatih Birol to discuss cooperation between Egypt and the agency for the success of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), which Egypt will host next year in Sharm El-Sheikh.
We aim to cooperate with Egypt, African countries in renewable energy: Morocco Ambassador to Rome
Youssef Balla, Ambassador of Morocco in Rome, told Daily News Egypt that Morocco seeks to cooperate with Egypt and African countries in the field of renewable energy during the coming period. This came on the sidelines of his participation in the Ecomondo and Key Energy conference and exhibition. He added that Morocco may conclude a …
Eni announces 3 new oil discoveries in Egypt’s Western Desert
The ministry revealed, on Tuesday, that the confirmed reserves amount to about 50 million barrels of oil equivalent
KfW Development Bank delegation to visit renewable energy projects in Suez, Zafarana
Bank discusses ways to finance green hydrogen production projects in Egypt
Egypt, Saudi Arabia sign electrical interconnection contracts
Project’s surplus power supply will be exported to neighbouring countries
Egypt set to export electricity to Cyprus, Greece in October 2021
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
20 turbines from Egypt’s West Bakr wind farm connected to national grid
In a press statement, Lekela said that synchronization is an important step to completion of the project. Now that this milestone has been reached, the wind farm is producing its first clean energy for Egypt, putting the 250 MW project one step closer to completion.
UK businesses explore investment opportunities in Egypt’s renewable energy sector
‘One of our main trade priorities this year is engaging private sector on sustainability agenda in lead up to COP26,’ says British Ambassador
1-billion-tonne oil, gas area discovered in Xinjiang, China
The Tarim oilfield branch of PetroChina, China’s largest oil and gas producer, said Friday they had discovered a new ultra-deep oil and gas area with reserves of 1 billion tonnes. The new area is the largest petroleum discovery in the Tarim Basin in the last ten years, the company said. Located in northwest China’s Xinjiang …
AfDB approves €83m loan to Egypt’s Electricity,Green Growth Programme
Programme seeks to enhance local power sector’s financial sustainability, governance, and operations
Egyptian Cabinet denies setting electricity prices based on residential area
Electricity prices are defined by only consumption segments
Egypt expects 5% increase in diesel prices in July
Government raised petrol price by EGP 0.25/litre, effective from 23 April
Tredco for Engineering Industries installs solar unit at its refrigerators factory
El Sayad said that the cost of the company’s electricity bills stood at EGP 1.2m annually before the solar unit’s installation. He also pointed out that after installing the unit, the cost is set to decline to zero.
Renewable Energy Authority to set higher prices for electricity supplied to EETC
Prices are expected to increase by about EGP 0.7-0.15/kwh
Infinity expected to IPO as it builds energy platform across Africa
Company is expected to distribute dividends in Q1 of 2021
6% drop in Brent crude prices seen as good news for Egypt policy makers
Oil prices have been hit by concerns over demand as Europe goes into fresh lockdowns
Egypt’s MIDOR refinery expansion will open in Q1 2022: Petroleum Minister
Expansion project aims to increase refinery’s production capacity by 60%, with $2.3bn investments
Egypt’s EGAS signs 9 natural gas exploration agreements with $981m investments
Recent success in settling arbitration cases with international companies confirms Egypt’s credibility in oil, gas sector: El Molla
Shell sells onshore upstream assets in Egypt for $926m
Transaction is subject to government, regulatory approvals, with completion expected in H2 of 2021
Egypt needs long-duration energy storage to incorporate renewables: Electricity Minister
Creating parallel electricity linkage line with existing networks to cost $2.1bn
Egypt’s Petroleum Minister, BP discuss joint business, international oil prices
BP’s Dev Sanyal affirmed company’s confidence in Egypt’s investment-attracting climate
Transport of Egypt’s petroleum products cost EGP 27.5bn in FY 2019/20
59.1m metric tonnes of petroleum products transported, at cost of EGP 164 – EGP 485/tonne
Japan offers $240m loan to support energy reform, combat COVID-19 in Egypt
New loan, largest since October 2016, also aims to reduce Egypt’s fiscal gap
Egypt can make sizable decarbonisation by retiring expired energy assets over 5-10 years: GE Gas Power’s Khalidi
Over 80% of country’s power generated by traditional fossil fuels, including up to half from gas
Egyptian petroleum product imports drop 32.3% in 2020: CAPMAS
Petroleum product imports amounted to $6.383bn during 2020
Al-Sisi asserts Egypt’s keenness to attract FDI for renewable energy
Discussions with Belgian companies underway on cooperation to produce green hydrogen for power generation
GLOBALink | How China produces first domestic nuclear reactor’s steam generator
China’s first nuclear power unit using Hualong One, a domestically designed third-generation reactor, entered commercial operations, paving the way for mass construction and export. The steam generator is among the 411 core components domesticated for Hualong One. While they were mostly imported from countries like France and the United States before 2007, China’s first patented …
Administrative Capital’s power plant is largest in world: Egypt’s Electricity Minister
Egypt faced major crisis in electricity sector in 2014, but implemented several projects to improve service, says Mohamed Shaker