Egypt targets $8bln investments in oil, gas sector

Egypt is targeting investments worth about $7.7 to $8 billion in the oil and gas sector, Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business on September 17th.

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Egypt to Raise Suez Canal Transit Fees for Ships in 2023

Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world most crucial waterways.

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Egypt: United Oil and Gas announces commencement of drilling at ASH-4 and AJ -14 well update

United Oil & Gas has announced the commencement of drilling at the ASH-4 development well location and an update on the Al Jahraa-14 development well in the Abu Sennan licence, onshore Egypt.

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Saudi Natural Gas Distribution Co. Sign Gas Transportation Services MoU with TAQA Arabia

TAQA Arabia has inked a memorandum of understanding (MoU) with Saudi Arabia Natural Gas Distribution Company to cooperate in developing and operating gas transportation services and gas networks.

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EBRD to Help Fund Transition from Gas to Wind Power in Egypt

The European Bank for Reconstruction and Development (EBRD) will help finance the decommissioning of 5GW of inefficient gas-fired power plants in Egypt from 2023 while pledging up to $1 billion for renewables, its regional director said on Sunday.

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Norway Scatec eyes building 3GW wind energy project in Egypt

Egypt is considering cooperation with Norway Scatec in new and renewable energy projects and the execution of a wind power generation project with a capacity of about three gigawatts (GW)

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Al-Sisi discusses cooperation projects with Scatec and FFI

President Abdel Fattah Al-Sisi held meetings on Saturday with a number of representatives of Norwegian and Australian energy companies to discuss cooperation.

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Shell Egypt awards Bechtel FEED contract for Egyptian LNG terminal

Shell Egypt, EGAS, and Petronas have awarded a front-end engineering and design (FEED) contract to a Bechtel-led coalition that includes Enppi and Petrojet for the Egyptian LNG export terminal.

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