Arcius to acquire Egypt’s Harmattan gas field, strengthening Eastern Mediterranean portfolio
Arcius has signed a binding agreement to acquire the Harmattan gas and condensate field in Egypt’s Eastern Mediterranean waters, pending final regulatory approvals. The offshore field lies approximately 2.5 kilometres north of Ras El-Barr in Damietta and will be developed
Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI
Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant
Ministers of electricity, water resources discuss maximising hydropower returns at High Dam
Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Minister of Water Resources and Irrigation Hani Sewilam at the ministry’s headquarters in the New Administrative Capital to review joint cooperation and strategies to enhance the performance of
QatarEnergy announces new expansion of gas exploration operations in Egypt
QatarEnergy has announced a new expansion of its operations in Egypt through a partnership with Italian energy company Eni in the offshore North Rafah concession in the Mediterranean Sea for natural gas exploration. With this addition, QatarEnergy’s portfolio in Egypt
Egypt advances efforts to align with EU Carbon Border Mechanism to boost export competitiveness
Mohamed El-Shimy, Minister of Public Enterprises Sector, held an extensive meeting on Saturday to review ongoing efforts by state-affiliated companies to align with the European Union’s Carbon Border Adjustment Mechanism (CBAM). The mechanism, designed to reduce industrial greenhouse gas emissions,
Egypt to drill 480 new exploration wells worth $5.7bn over five years: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawy has unveiled Egypt’s new five-year plan for oil and gas exploration, which envisions drilling around 480 new exploration wells with total investments exceeding $5.7bn. According to the plan, 101 wells will be drilled
Madbouly urges completion of Egypt-Saudi power link’s second phase by April 2026
Egyptian Prime Minister Mostafa Madbouly on Tuesday urged that the second phase of the Egypt-Saudi Arabia electricity interconnection project be completed so that both phases are ready for operation by April 2026. His comments came during a field visit to
BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions
Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement covers the drilling of five natural gas wells in BP’s
Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans
Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China’s state-owned chemical engineering firm CNCEC, to discuss boosting investment and exploration in the country’s energy
Egypt targets over 42% renewable energy by 2030 in strategy update
Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country’s energy strategy, Electricity Minister Mahmoud Essmat