Latest in Energy Highlight
Latest in Energy
The West Texas Intermediate for February delivery lost 61 cents to $47.62 a barrel. Brent crude for February delivery decreased 43 cents to $50.86 a barrel
The Dabaa nuclear power plant is being built in Egypt’s North Coast in cooperation with Russian energy giant Rosatom, with 4.8GW capactiy
A new exploration well as part of the Meleiha Concession has discovered new oil resources in Egypt’s Western Desert area, Italian energy giant Eni revealed on Wednesday.
Each biogas unit produces equivalent of two household LPG cylinders per month
The Canadian fertilizer company Nutrien’s (formerly Agrium) stake in Egypt’s Misr Fertilizer Production Company (MOPCO), estimated at 59.6m shares will be transferred to the Egyptian Ministry of Finance before the end of the year, in settlement of dispute between Agrium and MOPCO’s subsidiary, Egyptian Nitrogen Products Company (ENPC). According to the settlement agreement, Agrium will …
Gamea explained that this exhibition aims to raise awareness of economic and environmental benefits of using compressed natural gas (CNG) as car fuel
Energean’s Country Manager for Egypt, said he expects acceleration of current developments in company’s concessions Abu Qir, North El Amriya and North Idku
Hala El-Said said that major renewable energy projects included 32 photovoltaic solar power stations in Benban, Aswan, with a total capacity of 1,465 MW
Mohamed Shaker said that new wind farms, solar plants to add 2,400 MW by 2022, bringing total renewable energy capacity in Egypt to more than 6,378 MW
Many European countries and US states are tightening coronavirus restrictions. Analysts expect oil prices to come under pressure in the first half of 2021
Ministry of Electricity to grant Emirati AlNowais company additional land in Kom Ombo, Aswan for expansion
Company negotiates with QNB, AAIB, AlexBank over possible finance
Some of company’s largest capacity expansions are planned in Egypt, UAE, Saudi Arabia, and Turkey, says Daniel Calderon
Oil prices drop came amid a spike of new coronavirus infections in some major economies forced renewed restrictions or a delay of unwinding lockdowns.
Shaker said that the Egyptian government has made great efforts to overcome the difficulties and challenges that the country’s electricity sector has faced in the last period. Serious efforts have been made at all levels, and with the help of the country’s development partners.
ACWA Power agreed with Indian company to implement project, sign contract before month end
Agreements signed to settle Union Fenosa Gas, SEGAS disputes with EGAS
A projectile hit one of the 13 tanks in the Saudi Aramco facility, causing major damage to the tank roof with a hole of almost two by two meters.
Company would save $130m by transferring these units, which will take place this month, instead of purchasing new ones
Total of 31,200 participants attended over 500 hours of seminars and workshops
The contracts will see the Egyptian Electricity Transmission Company (EETC) construct the Toshka 4 transformer station of the gas-isolated type, under the turnkey system, at a value of EGP 410m.
The complex, worth investments of $450m, is a vital project in the ministry’s refining and industrialisation strategy as part of the sustainable development plan for Egypt’s Vision 2030. The strategy aims to secure fuel supplies both for the local market and development plans for Upper Egypt.
Al-Sisi’s remarks came during a meeting with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Tarek El Molla.
Egypt’s first nuclear reactor is expected to be connected to national grid by 2026 end or early 2027, says Minister Mohamed Shaker
The company however, will continue to retain its onshore and offshore exploration concessions El Matariya (Block 3) and North El Arish (Block 6).
Government negotiates with foreign investors to establish new renewable energy projects with capacity of 2,000 MW
Fuel prices currently stand at EGP 6.25 per litre of octane 80 petrol, octane 92 petrol stands at EGP 7.5 per litre and at EGP 8.50 per litre of octane 95
Exposure to prolonged low oil prices for NOCs in countries relying on oil exports to cover public spending, such as GCC, will be particularly at risk
Participants in discussions are demanding speeding up of procedures and for laws to be passed
List of interested parties includes Vestas, Siemens Gamesa, and Orascom