Tag Archives: Egypt

Egypt plans to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta in the next two fiscal years to boost its production. The country already drilled 10 natural gas wells during the fiscal year 2022-2023, which ended on June 30, 2023, Tarek El-Molla, Egyptian Minister …

The Egyptian Electricity Transmission Company signed a memorandum with Norwegian company Scatec ASA to start studies for the electrical interconnection project between Egypt and Europe to export renewable energy via Italy. The memorandum was signed on behalf of the Egyptian Electricity Transmission Company by Chairman of the Board of Directors …

A meeting in Cairo aiming at steering the committees of the Egyptian-German green hydrogen project partnership, along with Egyptian officials has set up a joint roadmap to support hydrogen production companies and encourage hydrogen transportation and marketing, according to the embassy. The meeting, which was attended by Egyptian Minister of …

For years, Egypt has been performing a tough balancing act between the West and Russia, with Cairo casting itself as an actor that both parties can lean on. Egypt was the Soviet Union’s principal ally in the Middle East during the Cold War and remains an important partner today. Last …

The European Union expects Egypt to maintain “relatively high volumes” of liquefied natural gas (LNG) deliveries to Europe, EU Energy Commissioner Kadri Simson said yesterday. Speaking to Reuters on the sidelines of an energy conference in Egypt, Simson said: “Now we have to solve some of the bottleneck issues.” “We …

Eni Spa announced a new gas discovery in the East Mediterranean Sea in offshore Egypt, according to a company statement on Jan 15. The discovery is “significant,” but the amount wasn’t disclosed. The Italian energy giant said the gas discovery is in the 1,800 km2 (695 miles2) Nargis offshore area …

Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week, noting the price rally in liquefied natural gas that helped drive revenues higher. The North African country has solid ambitions in natural gas development, planning …

Egypt’s Cabinet on Thursday approved several proposals that support the deployment of renewable energy and green hydrogen in various regions of the country. At a meeting in the New Administrative Capital chaired by prime minister Mostafa Madbouly, the Cabinet decided to allocate 141,075 feddans (228.8 sq mi/592.5 sq km) of …

Egypt has discovered a large gas field in the Nargis region of the eastern Mediterranean, Oil Minister Tarek El Molla said, Reuters reports. An assessment of the field’s reserves is still ongoing, he told a parliamentary committee briefing. According to Chevron’s Web site, Nargis is one of four offshore exploration …

Iraq and Saudi Arabia are working on sending their crude oil to Europe in an effort to help the continent’s oil refineries which are desperately trying to give up the oil supplies from Russia. According to a report recently published by Bloomberg, more than one million barrels per day of …