This Emerging Economy Bets Big On Solar
Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa’s third-most populous country significantly below the global per capita averages for both counts as Continue Reading
U.S. says it will keep engaging Egypt, Ethiopia, Sudan on Blue Nile dam
The United States will continue to work with Egypt, Ethiopia and Sudan until they sign an accord on a giant Blue Nile hydropower dam, after failing to secure signatures from Continue Reading
For Thousands of Years, Egypt Controlled the Nile. A New Dam Threatens That.
The Egyptian farmer stood in his dust-blown field, lamenting his fortune. A few years ago, wheat and tomato-filled greenhouses carpeted the land. Now the desert was creeping in. “Look,” he Continue Reading
Is Egypt’s Energy Hub Dream Falling Apart?
Since the end of the 1990s Egypt has dreamt of becoming an East Mediterranean gas and energy hub. The discoveries offshore in the Nile Delta at the end of the Continue Reading
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured Continue Reading
Egypt 2019 thermal coal imports rise 31% on cement sector demand
Egypt imported 6.32 million mt of thermal coal in 2019, up 31% on the previous year, according to official data from the Port of Alexandria, boosted by strong demand from Continue Reading
ExxonMobil expands upstream footprint in Egypt with two offshore blocks
Oil company ExxonMobil has expanded its upstream acreage in Egypt after it acquired two offshore blocks, boosting its footprint in the gas-rich Eastern Mediterranean basin. Receive daily email alerts, subscriber Continue Reading
Israel approves final permits to allow first gas exports to Egypt
Gas supplies by pipeline from Israel to Egypt are on course to begin by the end of 2019 after Israeli energy minister Yuval Steinitz on Monday signed the final permits Continue Reading
Shell’s Big Strategy Shift In Egypt
Oil supermajor Royal Dutch Shell has appointed investment bank Citi to run the $1 billion (£781.5m) sale of its oil and gas assets in Egypt’s Western Desert. Sources told Reuters Continue Reading
NatGas Exports to Egypt from Leviathan Could Start in June: Delek
Israel’s NatGas Exports to Egypt from Leviathan Could Start in June From the Jerusalem Post Israeli energy company Delek Drilling expects to commence commercial gas exports to Egypt by the Continue Reading
Egypt expects giant solar park to be fully operational in 2019
Egypt expects the 1.6 gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a Continue Reading
Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests
Egypt plans to slash fuel and electricity subsidies in its 2019/2020 financial year, the finance ministry’s draft budget shows, but raising fuel prices closer to international levels could turn out Continue Reading
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of Continue Reading
LNG Is Finally Taking Off In Egypt
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is Continue Reading
Procedures for Israeli gas exports to Egypt not yet complete: source
All the requirements needed for the start of Israeli gas exports to Egypt are not yet in place, an Israeli energy ministry source said, with first flows now not expected Continue Reading
Israel And Egypt Compete To Become New Energy Hub
The discovery of the giant gas field Tamar of the coast of Israel in 2009 was the beginning of a new period for the Eastern Mediterranean as an energy hot Continue Reading
Egypt Is Shaping Up To Become A Real Energy Hub
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS 2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, Continue Reading
Egypt plugs hub status as Shell, Eni, Exxon win energy concessions
Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest-ever oil and gas exploration tenders on Tuesday, as the country looks to sustain Continue Reading
Egypt to invest $9 billion refineries’ upgrade over four years: minister
Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister Continue Reading
Egypt Feels The Squeeze Of Higher Oil Prices
Thanks to a huge natural gas discovery off its coasts, Egypt has just become self-sufficient in this key energy source, welcoming what it hopes to be its last liquefied natural Continue Reading
Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 billion: statement
Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, Continue Reading
Egypt’s Giant Zohr Gas Field Boosts Production Six-fold
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday. Production at Continue Reading
Egypt Ordered To Pay $2B To JV Over Natural Gas Row
Union Fenosa Gas, a joint venture of Spain’s Naturgy and Italy’s Eni, operates the Damietta liquefied natural gas (LNG) plant in Egypt. The company took the country to court in Continue Reading
In Egypt’s Vision of Energy Independence, Egyptians Pay More
As a result, Royal Dutch Shell PLC, BP PLC and Eni SpA have invested billions of dollars in Egypt in recent years, including the Mediterranean Sea’s biggest natural-gas field off Continue Reading
Egypt Aims For Natural Gas Dominance In The Mediterranean
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
Eni building up its position in Egypt
From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its Continue Reading
Egypt To Start Importing Israeli Gas For Re-export In Early 2019
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
Egyptian company to start gas imports from Israel next year, sources say
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Egyptian natural gas prospects improving
Africa-focused SDX Energy said Monday it achieved success at an emerging natural gas reservoir that could be in production by the fourth quarter. The company in June announced the discovery Continue Reading
New discovery highlights Egypt’s potential as emerging oil producer
A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it Continue Reading
World Bank Backs Egypt To Become Regional Oil, Gas Trading Hub
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian Ministry Continue Reading
Saudi Aramco to supply Egyptian refineries for another six months: minister
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading
More gas production expected from Egypt
New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. The company said it found Continue Reading
Egypt raises gasoline prices by up to 50 percent
Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan that calls for the slashing of state subsidies on some Continue Reading
Determinations expected soon on Egyptian oil
Results from a drilling operation announced Thursday in the Gulf of Suez could dictate the next steps for oil exploitation, regionally-focused SDX Energy said. SDX announced the start of an Continue Reading
More gas coming from mega field offshore Egypt
Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy’s Eni said Thursday. Eni said Continue Reading
Egypt Could Become Europe’s Next Big Energy Hub
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a military coup by Continue Reading
Egypt: The Next Natural Gas Hotspot
In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a Continue Reading
BP To Sell Oilfields In Egypt To Shift Focus To Natural Gas
British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report Continue Reading
Noble Energy, Israel’s Delek to Supply Gas to Egypt in $15 Billion Deal
Investors in Israel’s natural-gas fields agreed to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors that now Continue Reading
Troubled Waters: Egypt and Ethiopia Wrangle Over Nile Dam
The world’s longest river, a lifeline for hundreds of millions of people, is also fast becoming a fault line. Ethiopia’s ambitious $4.2 billion hydroelectric dam project on the Nile River’s Continue Reading
With new gas deals, Egypt closes in on energy hub goal
Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to Continue Reading
A New Era For Oil And Gas Majors
Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this Continue Reading
Eni ‘Mission Impossible’ Points to Seismic Shift for Big Oil
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
Giant gas field startup could transform Egypt
The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at Continue Reading
Zohr Begins Production
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Zohr Begins Production
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Exxon eyes Egypt’s offshore oil and gas
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
Israel, Egypt Said to Discuss Gas Exports
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
Rosneft To Buy 30% Stake In Giant Zohr Gas Field
Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located, Continue Reading