Egypt

Petroleum Ministry says US “Apache” enhance investments in Egypt

Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.

Egypt, Norway sign agreement for new $450 mln green methanol production project

Egypt signed on Sunday a joint development agreement with Norway Scatec to establish the country first green methanol production project in Damietta Port with investments worth around $450 million

3.5Bln for Natural Gas Deliveries in Egypt This Year

The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.

TAG Oil makes oil discovery in western desert of Egypt

More than 500 net barrels of oil were produced during the brief flowback.

Siemens Energy delivers 4 Mobile substations to quickly and temporarily support sustainable energy projects in Egypt

Collaborative consortium:SiemensEnergy,in consortium with Giza Systems,has successfully installed four mobile stations.

Abu Qir Fertilizers registers 86% higher profits in 9M-22/23

Abu Qir Fertilizers witnessed an annual hike of 86.07% in net profit after tax to EGP 12.95 billion during the first nine months (9M) of fiscal year (FY) 2022/2023, versus EGP 6.96 billion.

Suez Canal revenues jump 35% in Q1-23

Suez Canal posted a 35% year-on-year (YoY) hike in revenue to $2.30 billion during the first quarter (Q1) of 2023, according to the navigation traffic report reviewed by Abdel Fattah El-Sisi, President of Egypt.

Egypt’s national oil company taps DNV to set net-zero targets

Egyptian General Petroleum Corporation (EGPC), the national oil company of Egypt, has selected Norway-based independent assurance and risk management provider DNV to set science-based targets for its net-zero strategy.