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Tag: Egypt

Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block

Posted: May 18, 2022 at 7:42 pm   /   Oil & Gas

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 […]

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Automaker Stellantis could be looking to assemble Electric Vehicles in Egypt

Posted: May 18, 2022 at 7:37 pm   /   Electricity & Power

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, […]

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Egypt inks agreement with UAE’s Rega Energy to produce biofuel

Posted: May 18, 2022 at 7:34 pm   /   Oil & Gas

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 […]

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TAQA Arabia acquires Rosetta Energy’s LNG Arm to unlock LNG Market growth in Egypt & Africa

Posted: May 16, 2022 at 7:26 pm   /   Oil & Gas

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 […]

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Total Eren, Enara Capital to build green ammonia facility in Egypt’s SCZone

Posted: May 14, 2022 at 12:58 pm   /   Renewables

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 […]

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Eni

Eni to work on Egypt’s first-ever carbon capture pilot project

Posted: May 8, 2022 at 11:49 am   /   Renewables

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 […]

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scatec

Scatec issues green bonds worth $335 mn to refinance projects in Egypt

Posted: May 6, 2022 at 3:20 pm   /   Renewables

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 […]

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Wärtsilä

Wärtsilä to supply added generating capacity and upgrade to Borg El Arab power plant in Egypt

Posted: April 26, 2022 at 2:45 pm   /   Electricity & Power

Wärtsilä to supply added generating capacity and existing plant upgrade for repeated Egyptian customer. The technology group Wärtsilä’s strong relationship with one of Egypt’s major independent power producers (IPPs) is further enhanced with a new order. Under a contract placed in February 2022 by Kahraba, a subsidiary of Egypt Kuwait Holding (EKH), Wärtsilä will deliver […]

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Masdar

Masdar signs landmark agreements to develop 4 GW green hydrogen plants in Egypt by 2030

Posted: April 26, 2022 at 2:34 pm   /   Renewables

• Masdar and Hassan Allam Utilities sign Memorandums of Understanding with entities including The General Authority for Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and The Sovereign Fund of Egypt • Masdar and Hassan Allam Utilities will set up a strategic platform that aspires to take a leading role […]

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EDF Renewables, ZeroWaste sign agreement for $3bn green ammonia production in Egypt

Posted: April 21, 2022 at 1:55 pm   /   Renewables

Egypt’s Suez Canal Economic Zone (SCZONE) has signed a memorandum of understanding (MoU) with a consortium of EDF Renewables and ZeroWaste for the production of 350,000 tonnes of green fuel annually in the Ain Sokhna region to supply ships. The project involves USD 3 billion (EUR 2.77bn) of investments and will be implemented in several […]

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