Egypt

EGYPT: Saudi Arabia’s Acwa Power raises $123m for its Kom Ombo solar park

Several international financial institutions are raising $123 million for the Kom Ombo solar power plant in Egypt. The park, which will have a capacity of 200 MWp, is being built by Saudi Arabian independent power producer (IPP) Acwa Power.

Egypt’s GAFI, Petrotrade sign cooperation protocol on safe disposal of petroleum waste

The General Authority for Investment and Free Zones (GAFI) and Petrotrade signed, Monday, a cooperation protocol to regulate the safe disposal of petroleum waste and waste mineral oil.

TAQA Arabia powers into Egypt’s stock market listing

Beginning Sunday, TAQA Arabia shares will be included in the EGX database under the ticker symbol (TAQA.CA) and will be assigned to the utilities sector, according to the EGX.

Irrigation, Petroleum Ministers discuss joint projects to preserve water resources

Minister of Water Resources and Irrigation Hani Sweilam and Minister of Petroleum and Mineral Resources Tarek El-Molla discussed joint cooperation and the procedures for implementing the articles of the Water Resources and Irrigation Law No. 147 of 2021 regarding water licensing for petroleum facilities.

Egypt: Wintershall Dea has made a natural gas discovery in Abu Madi reservoir

Wintershall Dea has found natural gas in its Disouq concession in the onshore Nile Delta.

Egypt inaugurates new expansions to North Geisum Oil Field

Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the expansion of the North Jessum field in the Petrogulf concession area in the Gulf of Oil in the Eastern Desert

Egypt: SCZone to see $487mln new Chinese investments

Several Chinese companies are planning to make new investments of a total of $487 million into China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, the Suez Canal Economic Zone (SCZone) stated on May 27th.

Abu Qir launches a new company with EGP10 billion investments

Abu Qir Fertilizers established a new company named North Abu Qir for Agricultural Nutrients, with an authorized capital of LE 10 billion and paid-up capital of LE 1 billion.