Egypt, Scatec Ink $450 Million Green Methanol Plant MoU
Egypt and Scatec have signed a joint development agreement to establish the country’s first green methanol production project in Damietta Port.
ACWA Power Secures Funds for 200 MW Solar Facility in Egypt
ACWA Power has secured $123 million in loans from global financial institutions to fund the development of a 200 MW utility-scale solar PV project in Egypt.
Egypt, Chevron Ink Methane Emissions Reduction Pact for Hydrocarbons Industry
Egypt has partnered with Chevron to reduce methane emissions from the country’s oil and gas industry.
Second Phase of Suez Canal Economic Zone Digitalization Launched
The EBRD has launched the second phase of a project aimed at digitalizing operations at Egypt’s Suez Canal Economic Zone.
Egypt to Offer 3 International Oil & Gas Exploration Tenders
Egypt’s Ministry of Petroleum and Mineral Resources has announced its intention to open three international tenders for oil and gas exploration this year.
Saudi Arabia’s MA’ADEN to Invest in Egyptian Mining Sector
MA’ADEN is set to invest in the gold industry in Egypt as the company targets to expand its global footprint while securing critical minerals for the Kingdom.
Eni and Chevron Make Gas Discovery Offshore Egypt
Oil and gas supermajors, Eni and Chevron, have made a new gas discovery at the Nargis-1 exploration well, offshore Egypt.
Egypt Opens State-Owned Land for Renewable, Green Hydrogen Development
The Egyptian government recently allocated nearly 60,000 hectares in the Matrouh Governorate for renewable energy, green hydrogen and green ammonia projects.
Construction to Start on Egypt’s IFC-Backed Solar and Wind Power Facilities
The IFC and its international lending partners recently announced $1.1 billion in financing to support the development of a solar PV plant and wind energy farm in Egypt.
bp Secures Two Licenses to Explore Egypt’s Offshore Blocks
bp has been awarded two new exploration contracts by the Egyptian Natural Gas Holding Company.
