Egypt

Egypt Dims Lights to Free Up More Natural Gas for Export

Egypt is curbing some electricity use to free up for export more of the natural gas that feeds its power plants, helping generate much-needed foreign currency, Prime Minister Mostafa Madbouly said.

Russia Finds a New Oil Trading Route Via Tiny Egyptian Port?

A cargo of about 700,000 barrels of Russian oil was delivered to Egypt El Hamra oil terminal on its Mediterranean coast early on July 24. A few hours later, another vessel collected a consignment from the port — which may have included some or all of the Russian barrels — according to vessel-tracking data monitored by Bloomberg.

EL-Molla Discuss Expansion of ExxonMobil’s Investments in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has met a delegation from ExxonMobil chaired by Hugo Detre, the company EAME Retail Sales and Marketing Manager, to discuss the expansion and development of the company’s investments in fuel distribution in Egypt.

Egypt’s Suez Canal records all-time high monthly revenue of $704m

Egypt Suez Canal has recorded $704 million revenues during July, the highest monthly figures in its history.

Egypt Ready to Help with Gaza Marine Natural Gas Field

Palestnian officials claim the project has been complicated by Israel, which controls the coastal waters off Gaza.

Egypt Seeks to Reduce, Capture and Store Carbon

Egyptian Petroleum Minister Tarek El Molla and Environment Minister Yasmine Fouad met on Tuesday to discuss preparations for the COP27 Climate Summit, which will be held in the Red Sea resort of Sharm El-Sheikh in November.

Egypt, African Union seek unified vision for energy transformation ahead of COP27

Egypt and the African Union (AU) are seeking to develop a unified vision for energy transformation in the continent ahead of the 27th UN Conference of the Parties (COP27) on climate change, slated for November in the Egyptian Red Sea resort city of Sharm El-Sheikh.

BP Awarded King Mariout Block in Egypt’s West Med

The award follows BP participation in a limited bid round held in 2021.