Energy Sector

Egypt signs €54M debt swap agreement with Germany to boost energy sector

Wed, 27 Sep 2023 - 12:30 GMT

Al-Mashat added that the target related to increasing the percentage of renewable energy in the energy mix to 42 percent by 2030, instead of 2035, was approved.

$644B investment needed in energy sector: IEF

Sun, 12 Feb 2023 - 03:32 GMT

McMonigle expected that the world will face fluctuations and a significant rise in energy prices.

Egypt's energy sector represents 13% of GDP

Mon, 26 Sep 2022 - 03:30 GMT

The IDSC explained that this means that economic growth is linked to energy security and stability.

Fitch expects continued growth of energy sector in Egypt during next decade: IDSC

Sun, 07 Nov 2021 - 12:07 GMT

IDSC stated, in a statement, Sunday that Egypt is likely to depend mainly on thermal energy in the current period until 2030, and the energy generated from natural gas will constitute the majority of thermal energy generated during the current time.

Energy sector plays an important role in achieving sustainable development in Egypt

Sun, 22 Nov 2020 - 11:12 GMT

this sector in Egypt faces many basic challenges that require reducing dependence on fossil fuels in energy production, and the trend towards the use of renewable energy as an alternative.

Oil minister: Political, economic stability attracted investments to Egypt

Wed, 29 Jul 2020 - 01:51 GMT

He confirmed that the wise leadership of President Abdel Fattah El Sisi and economic reforms contributed to creating a suitable investment atmosphere.

Egypt signs €151M agreement with AFD to support energy sector

Tue, 16 Jun 2020 - 11:55 GMT

This agreement aims to secure immediate funding from multilateral and bilateral development partners for budgetary support and assistance in mitigating the impact of the pandemic.

DFC provides Egypt with $430M in insurance to Natural gas projects

Sat, 23 Nov 2019 - 01:46 GMT

The insurance will enable Noble Energy Inc. of Houston, Texas to restore the 90-kilometer EMG Pipeline running from the coastal city of Ashkelon, Israel and under the Mediterranean Sea to its destination in Al-Arish, Egypt.

Sisi urges Hungarian companies to invest in energy, industry in Egypt

Mon, 03 Jul 2017 - 05:58 GMT

Sisi has called on Hungarian companies to invest in Egypt in the energy and industry sectors. Egypt is among the countries with the highest investment revenues.