TAQA Arabia Converts the first CNG cars in Equatorial Guinea
Within the framework of collaboration between the Ministry of Mines and Hydrocarbons in Equatorial Guinea and TAQA Arabia, the full-service energy and utility distribution market leader in Egypt, TAQA has successfully transferred its knowledge and know-how to introduce the CNG/GNV technology enabling cars to run with natural gas for the first time in Equatorial Guinea. The […]
AFREXIMBANK, APPO in discussions to jointly establish an African Energy Transition Bank
JOINT COMMUNIQUE BETWEEN AFREXIMBANK AND APPO ON THE NEED FOR THE ESTABLISHMENT OF AN AFRICAN ENERGY BANK Having regard to the long, mutually beneficial relationship and cooperation between the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (AFREXIMBANK), Considering the current discussions by APPO and AFREXIMBANK to jointly establish an African Energy Transition Bank, Concerned about the challenge […]
Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block
SHELL STRENGTHENS ITS OFFSHORE POSITION IN EGYPT’S NILE DELTA – ACQUIRES OFFSHORE BLOCK 3 BG International Limited., a subsidiary of Shell plc., signed a Farm Out Agreement (FOA) with ExxonMobil Egypt (Upstream) Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area, Mediterranean Sea – also known as Block 3. On […]
Automaker Stellantis could be looking to assemble Electric Vehicles in Egypt
Automobile manufacturer Stellantis is interested in assembling electric vehicles in Egypt, cabinet said in a statement yesterday following talks between Prime Minister Moustafa Madbouly and company officials. The automaker is reportedly interested in taking advantage of the government’s incentives for the auto sector, and is considering establishing a factory to produce EVs for the local and overseas markets, […]
Egypt inks agreement with UAE’s Rega Energy to produce biofuel
Egypt to partner with Emirati company to produce biofuels: State-owned Egyptian Petrochemicals Holding Company (ECHEM) signed an agreement with the UAE’s Rega Energy to produce algae oil, the Oil Ministry announced in a statement yesterday, without disclosing the details of the agreement. Algae oil is a feedstock for bio-jet fuel and green naphtha, which can be used to make environmentally-friendly […]
TAQA Arabia acquires Rosetta Energy’s LNG Arm to unlock LNG Market growth in Egypt & Africa
TAQA Arabia, the full-service energy and utility distribution market leader in Egypt, announced the acquisition of Rosetta Energy’s LNG arm to expand its business portfolio in Egypt, Africa and the Middle East. Rosetta is an international energy developer and operator focused on developing the full LNG value chain to supply industrial, commercial, and residential customers […]
Total Eren, Enara Capital to build green ammonia facility in Egypt’s SCZone
Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The facility will initially produce 300k tons of ammonia each year and this will increase to 1.5 mn at […]
Eni to work on Egypt’s first-ever carbon capture pilot project
Oil Ministry announces launch of Egypt’s first pilot carbon capture project with Eni + raft of other green energy initiatives. The Oil Ministry and Eni are implementing a pilot carbon capture project at the Italian energy firm’s Meleiha concessions in the Western Desert, according to a ministry statement. The pilot project — which marks Egypt’s first carbon […]
Wintershall Dea expands interest in the Algerian Reggane Nord gas project
Agreement to acquire additional 11.25% participating interest from Edison Decision is part of plan to grow in Algeria Country with major potential for an enhanced energy partnership with Europe Wintershall Dea continues to strengthen its presence in Algeria. As of 4 May, the company has entered into a sale and purchase agreement to acquire Edison’s […]
Scatec issues green bonds worth $335 mn to refinance projects in Egypt
Norway’s Scatec has issued green bonds worth $335 million to refinance six solar projects in the southern Egyptian city of Aswan, a statement by the Egyptian cabinet issued on Wednesday said. The projects have a capacity of 380 Megawatts, the statement said. Norway’s Scatec will issue USD 335 mn worth of green bonds to refinance […]
