EU | Egypt Oil & Gas

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 ...

U.S, EU Tighten Pressure on Russia with Oil, LNG Sanctions

U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with Preside ...

Qatar Warns EU to Cut LNG Supplies for Labour and Environmental Harm Issues

Qatar has sent a letter to the Belgian government, warning that it may halt gas exports to the European Union (EU) in response to EU’s issuing of bloc's due diligence directive law on forced labour and environment ...

EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027

The European Union (EU) will release plans to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027.

ExxonMobil, QatarEnergy Explore Natural Gas Offshore Cyprus

ExxonMobil and Qatar Energy have commenced exploratory drilling for natural gas in a prospect named Electra, located west of Cyprus, as announced by Cyprus President Nikos Christodoulides on X. The drilling operat ...

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