Egypt

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.

Egypt launches bid for gold exploration in Eastern Desert

This will be done via state-owned Shalateen Mineral Resource Company (SMRC), with the bidding open until from Monday 10 August.

Egypt: United Oil and Gas announces Egypt operations update

AIM-listed United Oil & Gas has provided an update on operations in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.