EU | Egypt Oil & Gas

IEA Urges EU to Rethink Arctic Drilling Ban

The International Energy Agency (IEA) CEO, Fatih Birol, has called on the European Union (EU) to reconsider its stance against Arctic oil and gas exploration as the bloc works to safeguard future energy supplies, ...

EU Bans All Russian LNG Trading by EU Operators From 2027

European Union-based companies will be prohibited from trading or marketing Russian liquefied natural gas (LNG) from 2027, regardless of whether the cargoes are destined for the EU or third countries, according to ...

EU to Finance €690m Upgrade of Egypt’s Grid to Boost Renewables

Egypt and the European Union (EU) are strengthening their strategic partnership in renewable energy through a financing package of up to €960 million to upgrade and expand Egypt’s electricity transmission network. ...

Airlines Warn EU Carbon Plan will Raise Fares

Europe’s largest airlines have urged the European Union (EU) not to expand its Emissions Trading System to include international flights, warning in a letter seen by Reuters that such a move would drive up ticket ...

Egypt, EU Sign €90 Mn Grant Deal to Upgrade Power Grid

During the EU Conference in Cairo about Egypt’s sustainable energy outlook 2040, Egypt and the European Union has signed a grant agreement worth €90 million that will be managed by the European Investment Bank to ...

Egypt, EU Talk Energy Transition during Egypt Sustainable Energy Outlook 2040 Conference

In cooperation with the government of Egypt the European Union (EU) co-hosted the Egypt Sustainable Energy Outlook 2040 Conference, entitled ‘Cooperation for Shared Properity’, in the Manial Palace in Egypt, withi ...

EU Targets Traders, Shadow Fleet in Fresh Sanctions on Russian Oil

The European Union (EU) has imposed new sanctions on Russian oil interests, targeting traders and shipping networks accused of helping Moscow bypass Western restrictions on crude exports that fund its war in Ukrai ...

G7, EU Weigh Full Ban on Maritime Services for Russian Oil Exports

The Group of Seven countries (G7) and the European Union (EU) are discussing replacing the existing price cap on Russian oil with a full ban on providing maritime services for Russian oil exports, to further reduc ...

EU to Reluctantly Approve ‘Unambitious’ COP30 Deal

The European Union (EU) would not oppose a proposed deal on the outcome of the COP30 climate talks in Brazil, Reuters reported, citing two anonymous sources on November 22.
"It's lacking in ambition; it's la ...

EU Approves ADNOC’s €14.7 Bn Covestro Takeover

The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reporte ...

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