Egypt

Egypt saves $1 bln via power-cut scheme: Cabinet spokesperson

Cabinet Spokesperson Mohamed El-Homsany said the country will save nearly $1 billion annually through the daily power-cut scheme, adding that the sum will be used to buy necessary supplies like foodstuffs and medicines

SDX Energy Sells Egypt Assets for $6.6 Million

London-listed energy company SDX Energy announced on Friday that it has executed a binding sale and purchase agreement (SPA) for the disposal of the Company West Gharib interests in Egypt for $6.6 million

Abu Qir Fertilizers Joins Egypt's Green Hydrogen Revolution: MoU with ABB International & MPS Infrastructure

Minister of Petroleum and Mineral Resources, Tarek El Molla, presided over a significant milestone in Egypt sustainable energy journey as he witnessed the signing of a Memorandum of Understanding (MoU) between Abu Qir Fertilizers Company, ABB International Group, MPS Infrastructure Company, and Petrojet.

British Steel Secures Significant Rail Supply Contract in Egypt

British Steel, a prominent UK company, has secured a lucrative multi-million-pound contract to supply rail infrastructure for a significant new route in Egypt.

Egypt Set to Launch Solar Power Station at ASORC

Enppi and Petrojet, leading entities in engineering, contracting, and construction within the petroleum sector, have been entrusted with executing a solar-powered electric generation station project, generating 10 megawatts, at the Assiut Oil Refining Company (ASORC)

Shell starts drilling final exploration well in Egypt campaign

Shell has spudded the final exploration probe offshore Egypt of its multi-well drilling campaign in the gas-rich Nile Delta play which began in September

Russian firm "Infinity” to Invest $1 Billion in Egyptian Mining Sector

Infinity, a Russian company, has announced plans to inject approximately $1 billion in investments into Egypt mining sector.

Cargas Achieves Record-Breaking Results in 2023

Minister of Petroleum and Mineral Resources, Tarek El Molla, attended the 29th general assembly meeting of the Natural Gas Vehicles Company (Cargas), where discussions and approval were held regarding the business outcomes for the year 2023.