News / Egypt

Shrief Sosa Hails Egypt’s Oil and Gas Exploration at Energy Conference

The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said

TAQA to Build 50MW Solar Plant for $75m Near Aswan

Egyptian energy production and distribution company TAQA Arabia is working to help tackle the country’s acute energy shortages.

Egypt and Jordan Set to Sign More Energy Cooperation Deals

Jordanian contributions in Egyptian investment companies spread over more than 1,430 companies, valued at $501.7m

Low Cost Energy Storage Key to Bolster Power Supply

Assembly to be established to save energy produced by solar and wind stations by end of 2015, says Galal Osman

ACWA Power’s $220 Mn for Egypt Renewable Projects

Saudi Arabia-based power and water project developer ACWA Power announced Sunday it signed concession contracts with the Egyptian Ministry of Electricity to build three renewable energy power plants in Egypt.

Egyptian-Russian Forum to Expand on Business and Energy Cooperation

The forum, taking place 25-26 May, will be attended by the ministers of industry and trade from both countries

National Plan for Renewables Must Be Implemented in 4 Months

“Egypt undertakes a national project for renewable energy”, said Egyptian Environment Minister Khaled Fahmy.

First Shale Gas Production in Egypt

In February 2016, Egypt will witness its first shale gas production on the hands of Royal Dutch Shell and American Apache.

African Development Bank to Fund Egypt’s Renewable Sector

Egypt signed Thursday a grant agreement with the African Development Bank Group's Middle Income Country Technical Assistance Fund (MIC TAF). Upon the agreement, Egypt shall receive three grants with total value of US$4.6 million from the MIC TAF.

Egypt’s Trade Deficit Rises to EGP 21bn while Petroleum Imports Decline

Egypt's trade deficit widened to 21 billion Egyptian pounds in February, from 20.2 billion pounds a year earlier, the state's Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday.

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