Egypt invests $23bln in refining expansion projects

Egypt has launched projects with a total value of nearly 707 billion Egyptian pounds to expand refining capacity as part of overall development plans in its hydrocarbon sector

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Siemens Energy supports the rehabilitation projects at Egypt’s Aswan Hydropower plants complex and the High Dam

Siemens Energy has been selected by The Hydro Plants Production Company (HPPC), a subsidiary of Egypt Electricity Holding Company, to support the rehabilitation of 3 Hydropower plants at the Aswan Hydropower Complex namely

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Egypt approves deal with Lukoil Overseas Egypt for oil exploration in Eastern Desert

Egyptian parliament approved the deal

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El Molla Issues New Transfers and Promotions

This comes with the aim of supporting petroleum sites with the necessary competencies to achieve future goals and exchanging the necessary experiences.

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Nasr Petroleum, Egypt targets refining 2.5mln tons of crude oil in FY2023/24

Nasr Petroleum Company is targeting refining around 2.5 million tons of crude oil in fiscal year (FY) 2023/2024, compared to 2.4 million tons in the last FY, to meet the local market demand, an official at the firm told Al Arabiya Business

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Egypt and Yemen explore joint ventures in oil and gas

Egypt and Yemen discuss cooperation in oil, gas, and mining sectors, aiming to revitalise Yemen economy amid political challenges

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Saudi-led consortium secures major service contract with Egyptian Petroleum Corporation

A consortium headed by the Saudi-listed ADES Holding Company has inked a milestone service contract with the Egyptian General Petroleum Corporation

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Why does OPEC oppose the idea of a fossil fuel phase-out at COP28?

Oil producer group OPEC has called on its members and allies to resist any attempts by the COP28 climate summit negotiations to target fossil fuels in its final agreement

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