Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development (EBRD), announced that the bank will assist in funding the decommissioning of 5GW of inefficient gas-fired power plants in Egypt from 2023, Reuters reported.
President Abdel Fattah El Sisi has highlighted the remarkable role of the Zohr field for Egypt in generating electricity throughout the past years.
The Cabinet has announced that the Ministry of Petroleum and Mineral Resources (MoP) is among the ministries that had the highest response rates to citizens' complaints in August 2022.
President Abdel Fattah El Sisi met with Andrew Forrest, President of the Australian Fortescue Future Industries (FFI) Energy, in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy; Tarek El Molla, Minister of Petroleum and Mineral Resources; and Moataz Kandil, Regional General Manager for the Middle East and North Africa region of the company.
Shell Egypt, EGAS and Petronas have awarded a front-end engineering and design (FEED) contract to a Bechtel-led coalition that includes Enppi and Petrojet for Idku Energy Hub project.
Madbouly reviewed Egypt's vision to chair the 27th session of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27), which will be hosted by Sharm el-Sheikh next November, highlighting the focus on implementing this vision in line with the commitments of the "Glasgow Financial Alliance for net zero emissions." and take concrete action in this regard.
During his participation at Gastech Exhibition and Conference 2022, Minister of Petroleum and Mineral Resources Tarek El Molla met with several high-level officials and leaders to strengthen the economic relations as well as attract new partnerships to Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla stated that there are great opportunities for cooperation between the countries of the East Mediterranean Gas Forum (EMGF) to optimally exploit gas reserves in the region, adding that Egypt's unique infrastructure in the field of natural gas is a key element in the success of this cooperation.
Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022.
The Gas Exporting Countries Forum (GECF) will hold a coordination meeting ahead of the 27th Conference of the Parties (COP 27), which is set to take place in Egypt as a GECF member country.
