Energy

News, analysis and comment from on Egypt’s and the global energy markets from the Daily News Egypt, Egyptʼs leading publication.
Latest Energy News

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…

Daily News Egypt Daily News Egypt

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…

Daily News Egypt Daily News Egypt

Shell sells onshore upstream assets in Egypt for $926m

Transaction is subject to government, regulatory approvals, with completion expected in H2…

Daily News Egypt Daily News Egypt

Egypt needs long-duration energy storage to incorporate renewables: Electricity Minister

Creating parallel electricity linkage line with existing networks to cost $2.1bn

Mohamed Farag Mohamed Farag

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

Shaimaa Al-Aees Shaimaa Al-Aees

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…

Hossam Mounir Hossam Mounir

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…

Nehal Samir Nehal Samir

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…

Nehal Samir Nehal Samir

Egyptian petroleum product imports drop 32.3% in 2020: CAPMAS

Petroleum product imports amounted to $6.383bn during 2020

Hossam Mounir Hossam Mounir

Al-Sisi asserts Egypt’s keenness to attract FDI for renewable energy

Discussions with Belgian companies underway on cooperation to produce green hydrogen for…

Bassant Mohammed Bassant Mohammed