News / Egypt

Madbouly Follows up on COP 27 Preparations

During the seventh meeting of the Supreme Committee concerned with preparations for COP 27, Prime Minister Mostafa Madbouly announced that the national climate change strategy is scheduled to officially begin on May 19 and urged to quickly launch the COP 27 website.

SDX Initiates Spudding of the Fourth Well in Meseda Field

SDX Energy announced that it has started spudding MSD-24 infill development well located in the Meseda field.

Shell Acquires Egypt’s Northeast Amreya Concession Area

BG Ltd., wholly owned by Shell plc, has signed an agreement with ExxonMobil Egypt (Upstream) Ltd. under which Shell will fully acquire and manage the Northeast Amriya Offshore Concession in the Nile Delta in the Mediterranean Sea, known as Zone 3, which is managed by ExxonMobil.

El Molla: Rising Oil Import Bill Could Cancel Out Gains From Higher Gas Exports Revenues

Egypt’s rising oil import bill could cancel out any gains from higher gas export revenues this year, Minister of Petroleum and Mineral Resources,Tarek El Molla,said.

Al-Mashat: Green Hydrogen Egypt’s Next Great Private Investment Opportunity

Minister of International Cooperation, Rania Al-Mashat, met with the American business community and the mission of investors. The meeting was organized by the American Chamber of Commerce, with the aim of attracting investment and finance in the run-up to COP27.

Rystad Energy: Egypt to Become Green Hydrogen Giant

Egypt’s green hydrogen projects' pipeline records 11.62 gigawatts (GW), which is equivalent to more than 1.57 million tons of green hydrogen, according to Rystad Energy research.

Ihab Ali Abdel Maksoud Appointed Chairman for PAS Company

Minister of Petroleum and Mineral Resources, Tarek El Molla, Ihab Ali Abdel Maksoud to be Managing Director and Chairman for Petroleum Air Services Company.

ECHEM, Rega Green Energy Sign Algae Oil Agreement

The Egyptian Petrochemical Holding Company (ECHEM) and the UAE's Rega Green Energy Company signed a memorandum of understanding (MoU) to produce algae oil, which is used in the production of bio-jet fuel and green naphtha for use in the production of environmentally friendly petrochemical products.

El Molla Inaugurates EPEEC Conference and Exhibition

Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the third conference and exhibition for energy efficiency in the petroleum sector (EPEEC 2022), in the presence of heads of bodies, holding companies, and Egyptian and foreign petroleum companies.

TAQA Arabia Acquires Rosetta Energy LNG Arm

TAQA Arabia Group, the leading power distribution and integrated services company in Egypt, announced its acquisition of the liquefied natural gas (LNG) arm of Rosetta Energy, to expand its business in Egypt, Africa, and the Middle East.

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