Latest in Energy Highlight
Latest in Energy
Egyptian Transport, Petroleum Ministers attend Parliament to outline governmental efforts
Egyptian Parliament’s special committees will resume meetings on Sunday, to discuss draft laws, briefing requests
Parliament backs Egypt’s candidate in AU Commission elections
Amani Abu Zeid is running for re-election as Infrastructure and Energy Commissioner. AU Commission elections to be held during AU’s 34th Ordinary Session
Petroleum Ministry offers jet fuel price cut till 2021 end to promote tourism
Aviation fuel price reaches 15 cents per gallon
Oil prices fall amid OPEC+ deadlock over output cuts
The COVID-19 pandemic took its toll on oil prices in 2020. For the past year, the US benchmark slumped 20.5%, while Brent crude lost 21.5%.
President Al-Sisi inaugurates Egypt’s 1st Go Green Exhibition
Go Green Exhibition aims to keep companies and the public informed on national programmes available to finance conversion of cars to run on natural gas
250k natural gas vehicle conversions, replacements planned over 3 years
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt to launch ‘Go Green Exhibition’ for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Egypt’s Chemical Industries Export Council urges reconsideration of gas pricing
The Egyptian Chemical Industries Export Council has called on the Egyptian government to reconsider the pricing of natural gas for industrial use, according to the council’s Chairperson Khaled Abul Makarem
$3.4bn project to meet fuel needs in Upper Egypt: Petroleum Minister
Minister of Petroleum and Mineral Resources, Tarek El Molla, has asserted that the high-octane petrol and diesel production complex in Assiut governorate, with a total investment of about $3.4bn, will meet fuel needs of Upper Egypt in the coming period.
Crude oil prices drop as demand fears persist
The West Texas Intermediate for February delivery lost 61 cents to $47.62 a barrel. Brent crude for February delivery decreased 43 cents to $50.86 a barrel
Al-Sisi, Rosatom chief review implementation progress of Dabaa nuclear plant
The Dabaa nuclear power plant is being built in Egypt’s North Coast in cooperation with Russian energy giant Rosatom, with 4.8GW capactiy
Eni announces new oil discovery in Egypt’s Western Desert
A new exploration well as part of the Meleiha Concession has discovered new oil resources in Egypt’s Western Desert area, Italian energy giant Eni revealed on Wednesday.
Egypt’s Environment, Social Solidarity Ministers inaugurate 60 biogas units in Minya
Each biogas unit produces equivalent of two household LPG cylinders per month
Cabinet approves transfer of Agrium’s stake in MOPCO to Finance Ministry to end dispute
The Canadian fertilizer company Nutrien’s (formerly Agrium) stake in Egypt’s Misr Fertilizer Production Company (MOPCO), estimated at 59.6m shares will be transferred to the Egyptian Ministry of Finance before the end of the year, in settlement of dispute between Agrium and MOPCO’s subsidiary, Egyptian Nitrogen Products Company (ENPC). According to the settlement agreement, Agrium will …
Egypt to organise first expo for vehicle conversion to CNG in January 2021
Gamea explained that this exhibition aims to raise awareness of economic and environmental benefits of using compressed natural gas (CNG) as car fuel
Energean completes acquisition of Edison E&P
Energean’s Country Manager for Egypt, said he expects acceleration of current developments in company’s concessions Abu Qir, North El Amriya and North Idku
Egypt launches 416 renewable energy projects worth EGP 95.6bn in two years
Hala El-Said said that major renewable energy projects included 32 photovoltaic solar power stations in Benban, Aswan, with a total capacity of 1,465 MW
Egypt negotiates for 1,000 MW renewable energy projects: Electricity Minister to DNE
Mohamed Shaker said that new wind farms, solar plants to add 2,400 MW by 2022, bringing total renewable energy capacity in Egypt to more than 6,378 MW
Oil prices climb on vaccine optimism, US crude inventories up last week
Many European countries and US states are tightening coronavirus restrictions. Analysts expect oil prices to come under pressure in the first half of 2021
UAE’s AlNowais Investments to increase Kom Ombo solar plant’s capacity to 500MW
Ministry of Electricity to grant Emirati AlNowais company additional land in Kom Ombo, Aswan for expansion
Solaris Egypt aims to secure EGP 300m finance for solar power stations
Company negotiates with QNB, AAIB, AlexBank over possible finance
Strong economics, renewable power policies make Egypt attractive investment destination: Alcazar Energy CEO
Some of company’s largest capacity expansions are planned in Egypt, UAE, Saudi Arabia, and Turkey, says Daniel Calderon
Oil prices slip on the back of COVID-19 worries
Oil prices drop came amid a spike of new coronavirus infections in some major economies forced renewed restrictions or a delay of unwinding lockdowns.
Egypt, Denmark explore renewable energy investment opportunities
Shaker said that the Egyptian government has made great efforts to overcome the difficulties and challenges that the country’s electricity sector has faced in the last period. Serious efforts have been made at all levels, and with the help of the country’s development partners.
Sterling and Wilson takes over from Mahindra in Kom Ombo solar plant construction
ACWA Power agreed with Indian company to implement project, sign contract before month end
Eni, EGAS partner to restart Damietta LNG plant in Q1 2021
Agreements signed to settle Union Fenosa Gas, SEGAS disputes with EGAS
Saudi Aramco says fuel supplies not affected by Jeddah oil facility attack
A projectile hit one of the 13 tanks in the Saudi Aramco facility, causing major damage to the tank roof with a hole of almost two by two meters.
EEHC to issue tender for electricity production units transfer to Sinai’s Al-Arish
Company would save $130m by transferring these units, which will take place this month, instead of purchasing new ones
IEG’s double digital green week sees significant turnout
Total of 31,200 participants attended over 500 hours of seminars and workshops
Elsewedy Electric signs EGP 846m contracts for Toshka transformer station
The contracts will see the Egyptian Electricity Transmission Company (EETC) construct the Toshka 4 transformer station of the gas-isolated type, under the turnkey system, at a value of EGP 410m.