The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
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Posted inNews
Rosatom begins onsite works on Egypt’s first nuclear reactor El Dabaa’s unit 1
The contract stipulates that Rosatom will finance and build the plant, supply Russian uranium to fuel it, and begin a 10-year training programme to give Egyptian engineers the skills needed to run the reactors
Posted inEnergy Transition, News
Egypt, Germany’s H2 Industries sign agreement to build $4bn green hydrogen plant
H2 Industries will produce clean hydrogen powering Egypt’s domestic energy transition and allowing it to become an exporter of clean hydrogen
Posted inEnergy Transition
Rystad Energy analyses Egypt’s pipeline of green hydrogen projects worth $40bn
The series of projects announced in Egypt over the past three months has captivated foreign developers and highlighted the country’s potential as it gears up to host COP27
Posted inNews
Masdar signs agreements to develop 4GW green hydrogen facilities in Egypt
The plants are expected to produce as much as 480,000 tonnes of green hydrogen per year
Posted inNews
Eni, EGAS to work on increasing Egypt’s gas production, supply
The agreement was signed by the Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, in Cairo
Eni and EGAS announced Wednesday a new agreement aimed at increasing gas production and liquefied natural gas exports. The agreement, signed by the Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, in Cairo, will focus on promoting the export of Egyptian gas to Europe, specifically to Italy, “in the […]
Posted inNews
Egyptian President Abdel Fattah el-Sisi meets with Eni CEO Claudio Descalzi
Tarek El-Molla, Egypt’s Minister of Petroleum & Mineral Resources was also in attendance
Egypt’s President Abdel Fattah el-Sisi met with Claudio Descalzi, CEO, Eni, on Thursday to discuss the company’s activities in the country. In attendance was also Egyptian Minister of Petroleum & Mineral Resources Tarek El-Molla. The main topics of conversation were regarding Egypt’s production of natural gas and LNG. The country has aspirations of becoming a […]
Posted inNews
Egypt as the Middle East’s next energy hub
Kamal Al-Sawi, President, Kuwait Energy Egypt discusses the role that the North African country can play as an energy hub on the sidelines of EGYPS 2022
Can you talk to me about Kuwait Energy Egypt’s role inside the Egyptian energy ecosystem as the country seeks its aspirations of becoming a regional energy hub? From the investment and the commercial side of business we are actually very active in our investment in Egypt since inception. We were one of the first companies […]
Posted inNews, ADIPEC
Egypt hosting COP 27, UAE hosting COP 28 an opportunity to reach “safe shores in the coming few years”: Tarek El Molla
Global energy transition plans need to be "responsible and responsive," the minister added.
Egypt’s hosting of the COP27 climate conference next year, and the UAE’s hosting of COP28 in 2023, are good opportunities to work together and create initiatives which will help the world navigate through the energy transition and climate change, Egypt’s Minister of Petroleum Tarek El Molla said on Monday. Molla was speaking at ADIPEC 2021, […]
Posted inNews
OPEC Fund and Asian Infrastructure Investment Bank to provide funding in Egypt
The OPEC Fund for International Development and Asian Infrastructure Investment Bank (AIIB) have signed a US$200 million loan agreement with the National Bank of Egypt (NBE), Egypt’s largest commercial bank, to support the bank’s on-lending to hard and soft infrastructure sub-projects. The financing package includes a US$150 million loan from AIIB and a US$50 million […]