Economic feasibility studies will be conducted and the best available opportunities in the oil and gas sector will be studied to implement projects for extracting and storing carbon dioxide to produce blue ammonia.

The financing protocol was signed by Ahmed Kamali, Undersecretary for the Ministry of Planning, and Magdy Galal, Chairman of the Egyptian Natural Gas Holding Company (EGAS).

The Chairman of Egyptian Natural Gas Holding Company (EGAS), Magdy Galal and the Chairman of the Egyptian Electricity Holding Company (EEHC), Gaber Dessouki, have signed a memorandum of understanding (MoU) with the Managing Director of International Egyptian Oil company (IEOC), Marco Rotondi, to cooperate in green and blue hydrogen production projects in addition to estimate the technical and commercial feasibility of such projects in Egypt.

Tarek El Molla, Minister of Petroleum and Mineral Resources, has signed a cooperation protocol with Tarek Shawki, Minister of Education, and Adel Al-Ghadban, Governor of Port Said, to implement technical projects in Port Said as part of the community development initiative allocated by the Zohr field project.

A consortium of Belgian companies and the management consulting company, Roland Berger, submitted the feasibility study report on producing green hydrogen in Egypt and exporting it to Europe.

The Egyptian Chemical Industries (Kima) has agreed with a consortium of six local banks to restructure EGP 6.8 billion in outstanding debt.

The Prime Minister, Mostafa Madbouly, witnessed the signing contract to amend 2262 buses of the Public Transport Authority in Cairo and Alexandria with a bout EGP 1.2 billion to run on natural gas, according to a press release.

The Cabinet approved two bills licensing the Minister of Petroleum and Mineral Resources to contract with other parties on exploration and production (E&P) activities.

The Minister of Mineral Resources, Tarek El Molla, met with Jordan’s Energy Minister, Hala Zawati, in Amman, Jordan to discuss and enhance bilateral cooperation in the oil, gas and mineral resources field, according to a press release.

Wintershall Dea and operator BP could  get a gross production of gas from Raven, the fifth field of the offshore West Nile, estimated approximately at 600 million standard cubic feet of gas per day (mmscf/d). At its peak, the Raven field is expected to deliver a gross production of 900 mmscf/d and approximately 30,000 barrels of condensate per day (gross production).