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.
News / Egypt
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.
El Molla: No Intention to Increase Gas Price for Industrial Sector
"There is no intention to move the prices of natural gas for the local industry at the present time, in light of the current international changes," Minister of Petroleum and Mineral Resources, Tarek El Molla, said.
El Molla: Natural Gas Comprises 65% of Egypt’s Hydrocarbon Consumption
Adopting natural gas as a clean alternative in the country's energy transition, its use rate in Egypt reached 65%, compared to 35% for other hydrocarbon sources, Minister of Petroleum and Mineral Resources Tarek El Molla declared.
Petroleum Sector Provides 50 New Houses to Aswan Flood Victims
The Ministry of Petroleum and Mineral Resources has delivered contracts of 50 new houses to families affected by the floods in Khor Awada village at Aswan .
Green MoUs with US Companies Pave Way for Biodiesel Production, Emissions Reduction
The Egyptian Ministry of Environment has signed two memoranda of understanding (MoUs) to support energy transition and emissions reduction in Egypt, both of which were signed in the presence of Prime Minister Mostafa Madbouly.Â
Egypt’s Petroleum Subsidies Stand at EGP 28B in 2022/23 Budget
The state’s draft general budget for fiscal year (FY) 2022/23 allocated an estimated EGP 28.094 billion for petroleum subsidies, 52.6% more than petroleum subsidies in the 2021/22 budget which amounted to EGP 18.411 billion. This difference of EGP 9.683 billion was a result of soaring Brent prices and fluctuations in the value of the dollar against the Egyptian pound.
