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Qatar Energy inks agreement to acquire 23% of Mediterranean’s North El Dabaa block
Good morning folks, and welcome to day two of the work week — buckle in for a packed news day…
Electricity Ministry sets offtake prices for stored solar energy. PLUS: Knauf + Hassan Allam Construction, Siemens, Dynamic Distribution, Aton
RENEWABLES- Egypt sets tariffs for stored solar energy: The Electricity Ministry has put a price tag on energy produced from…
Egypt has paid 78% of its arrears to foreign oil and gas companies since March
Clearing arrears is part of a larger plan to increase local production following a costly few months of energy imports
Higher energy costs push industry toward solar
Transitioning to solar can help speed the process of receiving to projects
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
Oil Ministry gets the ball rolling on USD 530 mn sustainable aviation fuel project
The project aims to produce 120k tons of sustainable aviation fuel and reduce carbon emissions by 400k tons a year
Global firms are interested in Egypt’s oil sector. PLUS: News from Bonya, Alex Container, Telecom Egypt
PLUS- Energean’s USD 945 mn asset sale to Carlyle set to go through by year end
Fuel subsidies up 232% in first quarter of FY 2024-25 despite price hikes
Fuel subsidies for 1Q of the current fiscal year reached EGP 28.5 bn
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