Egypt

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.

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.

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.

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.

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.

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)

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.

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.