Egypt Says One GW of Renewable Energy Saves $250 Mn in Gas Imports

• Thursday, 22nd October 2026
• by Mohammad Abdulwakeel

Egypt’s Finance Minister Ahmed Kouchouk said each additional gigawatt of renewable energy capacity saves about $250 mn in gas imports, as the government seeks to reduce energy costs and strengthen public finances, acc...

Egypt Doubles Oil Hedges in FY 2020/21

• Thursday, 10th December 2020
• by Editorial Team

Egypt has almost doubled its oil hedges during the fiscal year (FY) 2020/21 as a precautionary measure against the possible increase of oil prices, Finance Minister Mohamed Maait told Bloomberg in an interview. Maait ...

AMOC to Offer 20% Stake on EGX

• Sunday, 16th September 2018
• by Sarah Samir

Egypt’s Minister of Finance, Mohamed Maait, has announced that a further 20% of the Alexandria Mineral Oils Company (AMOC) will be offered on the Egyptian Exchange Market (EGX), according to Al Masry Al Youm. Th...

Egypt to Receive IMF Loan Tranche in December

• Tuesday, 5th December 2017
• by Sarah Samir

Egypt is believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, said Egyptian Minister of Finance, Amr El Garhy, according to Amwal Al Ghad. Ye...

South Africa’s Government Aids Troubled Energy Sector

• Thursday, 22nd January 2015
• by Egypt Oil & Gas

South Africa’s government has identified assets to sell to help Eskom Holdings SOC Ltd. cover its funding gap, with the first cash injection of 10 billion rand ($870 million) expected by about June, Finance Minister N...