Egypt

MoP Inaugurates Trial Operations of Developments in Egyptian Petrochemicals Company

Minister of Petroleum and Mineral Resources Tarek El Molla inaugurated the trial operations of the comprehensive development projects in the Egyptian Petrochemicals Company (EPC) factories in Alexandria.

Madbouly: Egypt to Become a Green Hydrogen, Ammonia Production Hub

During a recent press conference to announce the government’s vision to deal with the current global economic crisis, Prime Minister Mostafa Madbouly stated that Egypt is on track to becoming a major center for the production of future energy represented by green hydrogen and green ammonia.

MIDOR Launches the Second Phase of Refinery Expansion Project

Minister of Petroleum and Mineral Resources Tarek El Molla announced the launch of the second phase of the MIDOR refinery expansion project during an inspection tour of the facility.

Egypt to be among first to issue new climate targets ahead of U.N. summit

Egypt plans to issue a new national target to cut its greenhouse gas emissions within weeks, Foreign Minister Sameh Shoukry said on Friday, as it prepares to take the lead on global climate negotiations as host of a U.N. summit in November.

EBRD promotes green energy transition in Egypt

EBRD to lend up to US$ 4.8 million to Intro Sustainable Resources and Intro Solar S.A.E. Funds to finance investments in small-scale green energy transition projects

Egypt to set oil price at $80/barrel in FY 2022/2023 budget

The Egyptian government is expected to set the oil price at $80 per barrel for the budget of fiscal year (FY) 2022/2023, Asharq Business reported on May 8th, citing a document.

Solar power plant with investments worth LE700M to operate in Q3 of 2022

Construction work on a 50-MW solar project developed by a Belectric-CCC consortium in eastern Egypt is nearing completion, with commissioning scheduled for the third quarter of this year.

Egypt to capture, store carbon dioxide

Egypt will begin capturing and storing carbon dioxide at the Meleiha field in cooperation with Italian oil and gas company Eni. The $25 million investment from Eni will enable the capture and storage of 25,000 to 30,000 tonnes of carbon dioxide annually.