Egypt's Finance Minister criticizes fuel subsidies for their high bill paid by state treasury

Mon, 20 May 2024 - 01:41 GMT

Minister of Finance Mohamed Mait considered subsidizing fuel a "crime."

Egypt buys LNG shipment to avoid fuel shortage

Thu, 04 Apr 2024 - 06:13 GMT

Egypt does not own facilities for liquefying natural gas, a process known as liquefaction, having previously operated a floating station in Ain Sokhna for gas imports before 2018. Egypt utilizes gas to fuel power plants as well as for cooling operations.

Egypt raises fuel prices by LE 1

Thu, 21 Mar 2024 - 10:13 GMT

This comes after the increase was postponed multiple times.

Over 1K tons of fuel, 2.2K aid trucks enter Gaza since October 7

Tue, 28 Nov 2023 - 03:08 GMT

Head of the State Information Service (SIS) Diaa Rashwan detailed Tuesday the size of aid that entered Gaza since the outbreak of fighting on October 7 through Egypt's Rafah Border Crossing.

150,000 liters of diesel cross from Egypt to Gaza

Fri, 17 Nov 2023 - 11:48 GMT

Around 150,000 liters of diesel have entered to Gaza through the Rafah border crossing amid Egyptian efforts to resume the flow of fuel to the war-battered strip.

Egypt raises fuel prices, keeps diesel unchanged

Fri, 03 Nov 2023 - 12:21 GMT

Minister of Petroleum, Tarek El Molla, issued the decision for the new pricing to be implemented from Friday morning.

New companies applied to fuel ships with green methanol: Suez Canal Authority

Sat, 09 Sep 2023 - 11:47 GMT

Head of the Suez Canal Economic Zone, Walid Gamal El-Din, revealed that the zone has received more applications from companies wishing to participate in ship bunkering operations in the ports affiliated with the Suez Canal Economic Zone, whether with fossil fuels or green fuels.

Bunkering in Egyptian Ports: First Step on Road of Milestones

Sat, 12 Aug 2023 - 10:20 GMT

It is the beginning to turn Egypt into a hub of green marine fuels.

Egypt aims to reach 60% of dependence on renewables by 2040

Tue, 04 Jul 2023 - 09:03 GMT

Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040.

UAE raises diesel and gasoline prices in July, aligned with international crude oil rates

Sun, 02 Jul 2023 - 12:56 GMT

The slight increase in in petrol prices follows a small reduction observed in the previous month, as reported by UAE media outlets

Egypt SCzone to launch bunkering service at East Port Said Port, Ain Sokhna Port in few days

Sun, 28 May 2023 - 01:29 GMT

In the near future, green fuel bunkering will be available as well.

Cairo aims to convert 1,962 buses to work with natural gas instead of diesel

Wed, 17 Aug 2022 - 10:29 GMT

The plan aims to achieve the economic optimum benefit from Egypt’s wealth of natural gas, and to maximize the added value thereof.

Egypt transports on military jet Libyan blast patients to Cairo for treatment

Wed, 03 Aug 2022 - 04:16 GMT

The Egyptian Armed Forces declared Wednesday that a medically-equipped Lockheed C-130 Hercules jet had transported dozens of the injured in the fuel truck blast, that occurred on Monday in Libya's Bent Beih City.

Petroleum min.: EGP 6bn allocated for projects to upgrade efficiency of national gas grid

Mon, 02 May 2022 - 11:59 GMT

Petroleum Minister Tareq el Molla has unveiled a number of projects meant to upgrade the efficiency of the national gas grid as production from the Eastern Mediterranean fields continue to take an upturn.

Egypt, Maersk sign MoU to build green hydrogen plant in Ain Sokhna

Mon, 28 Mar 2022 - 02:58 GMT

The plant's output will be used to fuel ships.

Exclusive: ACEA affirms contacting Egyptian officials regarding petrol poor quality

Mon, 07 Mar 2022 - 03:00 GMT

A circulated letter dated to Feb. 8 addressed Egyptian officials stating that several vehicle manufacturers producing vehicles circulating in Egypt are faced with an increasing number of claims from owners and operators which appear related to the poor quality of petrol marketed in Egypt.

Egyptian Petroleum denies presence of manganese in fuel

Sun, 06 Mar 2022 - 12:29 GMT

“Egyptian fuel is a local product, and it is produced from Egyptian refineries, and manganese, if it is placed, will harm the refining equipment and speak malfunctions,” Abdelaziz added, in a TV interview.

Houthi drone attack sets UAE fuel tanks ablaze, kills 3

Mon, 17 Jan 2022 - 01:43 GMT

Abu Dhabi police announced that the fire had been contained, and that the victims are two Indians and a Pakistani, as reported by Sky News Arabia.

Egypt's imports of gasoline, diesel fall 30%

Mon, 18 Oct 2021 - 12:32 GMT

The capacities of the petroleum product lines increased by 90 percent, at 122 million tons annually, and an 85 percent increase in the ports’ capacity, 45 percent in the storage capacities of petroleum products.

Egypt mulls canceling circulation of Octane 80 gasoline

Sun, 17 Oct 2021 - 02:36 GMT

Mulla noted in a panel discussion held by the Egyptian Petroleum Association that Octane 80 is no longer considered a good-quality fuel.