The Chairman of the Suez Canal Economic Zone Authority (SCZone) Waleid Gamal El-Dien has met with the Head of Strategic Decarbonization Projects at Maersk Kai Fechner and Siemens Energy's Managing Director in Egypt Layla El Hares to discuss how to localize the green fuel industry.
Suez Canal Authority (SCA) Chairman Osama Rabie has announced the successful refloating of the Affinity V oil tanker and its navigation movement returned to normal after it ran aground due to a technical issue with the vessel's rudder.
The cabinet has approved the use of two plots of land for Egypt Green Hydrogen Company to start a project to produce green hydrogen and its derivatives from green ammonia using renewable energy.
In an effort to support green hydrogen and clean energy production, Minister of Electricity and Renewable Energy Mohamed Shaker has launched power station operated by solar energy with capacity of 10 gigawatts per year in cooperation with Enara Capital company at the Jushi plant which is one of the fiberglass plants at the Suez Canal Economic Zone (SCZone).
Eni's CEO Claudio Descalzi stated that his company aims to build renewable energy projects, including solar and wind energy, to produce 10 gigawatts of electricity during the upcoming period in Egypt.
The Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with surplus $4 billion during the first nine months of the fiscal year (FY) 2021/22.
Saudi Arabia’s Alfanar announced that it has signed a memorandum of understanding (MoU) with Egypt to establish a green hydrogen project worth $3.5 billion in Ain El-Sokhna.
Petroshrouk Chairman Khaled Mowafy announced Zohr field achieved record success during fiscal year (FY) 2021/22 since its start in FY 2017/18, with production reaching 2.7 billion cubic feet per day (bcf/d) of natural gas in addition to 5,000 of condensates per day with investments $741 million.
Minister of Petroleum and Mineral Resources Tarek El Molla along with Djibouti's Minister of Energy and Natural Resources Yonis Ali Guedi has agreed to form a task force to identify cooperation opportunities in the petroleum sector.
Aton Resources announced that it's has completed Hamama West gold-silver project, which is located in the Abu Marawat Concession in the Eastern Desert of Egypt.
