• Crude Oil (WTI) 72.07 USD/bbl +1.27%
  • Crude Oil (Brent) 76.00 USD/bbl +1.40%
  • NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
  • OPEC Basket Price 76.06 USD/bbl -0.41%
New Agreements

Egypt Signs Seven Agreements with International Developers for Establishing Green Hydrogen, Renewable Energy Projects

Prime Minister Mostafa Madbouly has witnessed the signature of seven cooperation agreements in the field of green hydrogen and renewable energy with seven international developers to be implemented in the Suez Canal Economic Zone (SCZone).

Saudi Aramco Signs Supply Agreements Worth $6B with Local Vendors

Saudi Aramco has signed procurement agreements worth $6 billion with local vendors, aimed at widening its domestic supply base.


bp to Invest $1.5B in Egypt

bp is gearing up to invest around $1.5 billion in Egypt, to develop gas projects and drilling over the upcoming three to four years, Reuters reported.


ETHYDCO Exports First Recycled Polyethylene Shipment to Spain

The Egyptian Ethylene and Derivatives Company (ETHYDCO) has succeeded in exporting the first shipment of recycled polyethylene products to Spain.

El Molla, OME Discuss Cooperation in Renewable Energy

During the activities of the Egypt Energy Show (EGYPES 2024), Minister of Petroleum and Mineral Resources Tarek El Molla has held a meeting with the Director General of Observatoire Méditerranéen de l'Energie (OME) Houda Ben Jannet Allal in which they addressed areas of cooperation in energy projects including renewables.


Capricorn Energy Reviews Progress of its Operations in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has met with the CEO of Capricorn Energy Randy Neely and the accompanying delegation to review the company’s operations at its concession area in Egypt and its exploration and production programs.



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