Latest in Energy Highlight
Latest in Energy
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
In a press statement, Lekela said that synchronization is an important step to completion of the project. Now that this milestone has been reached, the wind farm is producing its first clean energy for Egypt, putting the 250 MW project one step closer to completion.
‘One of our main trade priorities this year is engaging private sector on sustainability agenda in lead up to COP26,’ says British Ambassador
The Tarim oilfield branch of PetroChina, China’s largest oil and gas producer, said Friday they had discovered a new ultra-deep oil and gas area with reserves of 1 billion tonnes. The new area is the largest petroleum discovery in the Tarim Basin in the last ten years, the company said. Located in northwest China’s Xinjiang …
Programme seeks to enhance local power sector’s financial sustainability, governance, and operations
Electricity prices are defined by only consumption segments
Government raised petrol price by EGP 0.25/litre, effective from 23 April
El Sayad said that the cost of the company’s electricity bills stood at EGP 1.2m annually before the solar unit’s installation. He also pointed out that after installing the unit, the cost is set to decline to zero.
Prices are expected to increase by about EGP 0.7-0.15/kwh
Company is expected to distribute dividends in Q1 of 2021
Oil prices have been hit by concerns over demand as Europe goes into fresh lockdowns
Expansion project aims to increase refinery’s production capacity by 60%, with $2.3bn investments
Recent success in settling arbitration cases with international companies confirms Egypt’s credibility in oil, gas sector: El Molla
Transaction is subject to government, regulatory approvals, with completion expected in H2 of 2021
Creating parallel electricity linkage line with existing networks to cost $2.1bn
BP’s Dev Sanyal affirmed company’s confidence in Egypt’s investment-attracting climate
59.1m metric tonnes of petroleum products transported, at cost of EGP 164 – EGP 485/tonne
New loan, largest since October 2016, also aims to reduce Egypt’s fiscal gap
Over 80% of country’s power generated by traditional fossil fuels, including up to half from gas
Petroleum product imports amounted to $6.383bn during 2020
Discussions with Belgian companies underway on cooperation to produce green hydrogen for power generation
China’s first nuclear power unit using Hualong One, a domestically designed third-generation reactor, entered commercial operations, paving the way for mass construction and export. The steam generator is among the 411 core components domesticated for Hualong One. While they were mostly imported from countries like France and the United States before 2007, China’s first patented …
Egypt faced major crisis in electricity sector in 2014, but implemented several projects to improve service, says Mohamed Shaker
Egyptian Parliament’s special committees will resume meetings on Sunday, to discuss draft laws, briefing requests
Amani Abu Zeid is running for re-election as Infrastructure and Energy Commissioner. AU Commission elections to be held during AU’s 34th Ordinary Session
Aviation fuel price reaches 15 cents per gallon
The COVID-19 pandemic took its toll on oil prices in 2020. For the past year, the US benchmark slumped 20.5%, while Brent crude lost 21.5%.
Go Green Exhibition aims to keep companies and the public informed on national programmes available to finance conversion of cars to run on natural gas
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).