Siemens Energy, IRENA sign sustainable energy partnership agreement
Advancing the global energy transition based on renewable energy. Supporting sustainable development goals and climate action. Siemens Energy and the International Renewable Energy Agency (IRENA) have signed a partnership agreement aimed at advancing the global energy transition based on renewable energy, in support of sustainable development goals and climate action. Under the agreement, the organizations […]
Wintershall Dea signs joint exploration agreement with Cheiron, INA for East Damanhour, Egypt
Wintershall Dea signs agreement with Cheiron and INA for joint exploration rights at East Damanhour, Egypt The Egyptian Minister of Petroleum and Mineral Resources, H.E. Eng. Tarek El Molla, has approved a deed of assignment agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the East Damanhour onshore Exploration block in Egypt. The […]
Egypt, Siemens agree to start studies for green hydrogen production project
Siemens will work on a pilot project to produce green hydrogen in Egypt after signing a MoU with the Electricity Ministry on Thursday, according to a press release. Egypt is currently exploring green hydrogen as an alternative energy source, and will be integrated into the government’s 2035 energy strategy, according to the statement. Siemens has […]
Siemens signs MoU for Egypt’s first ever High-Speed Rail System
Siemens Mobility Signs Landmark MoU to Install Egypt’s First Ever High-Speed Rail System Agreement comprises a rail system with a network of around 1000km – first being a 460km project valued around 3bn$ Turnkey Engineering, Procurement and Construction project including 15 years of services Siemens Mobility to provide high-speed and regional trains, locomotives, rail infrastructure, […]
Egypt, ITFC sign $1.1 billion funding agreement to import commodities
Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion. The ministry said that the agreement comes as part of a three […]
ExxonMobil Egypt inks Star Offshore concession agreement with EGAS
ExxonMobil Egypt signed a contract to acquire a concession of more than 4,000 square kilometers in the Stare marine are in the Arab republic, according to a January 4th emailed press release. The agreement was signed with the Egyptian Natural Gas Holding Company (EGAS), in cooperation with petroleum firm Tharwa. Under the deal, ExxonMobil will […]
Egypt signs Oil & Gas Exploration Agreements worth $1 billion
Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]
TransGlobe agrees with EGPC to merge, extend & modernize its Eastern Desert Concessions
TransGlobe Energy Corporation announced it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concessions (the West Gharib, West Bakr and North West Gharib concessions) into a new modernized concession agreement (the “Merged Concession” or “Agreement”). The Agreement is subject to the usual Egyptian Parliamentary […]
Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco
Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]
Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements
The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]