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IFC, Ministry of Petroleum help boost critical energy infrastructure in Egypt

The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the eastern Mediterranean region as well as improve its energy infrastructure. The IFC signed a memorandum …

Shaimaa Al-Aees

Inpector Capital BV acquires Scimitar Production Egypt Ltd to invest in energy

Inpector Capital BV–whose majority is owned by Dutch investor Marcel Boekhoorn–declared that it acquired Scimitar Production Egypt Ltd to invest in the petroleum and energy sector in Egypt. Inpector Capital also announced that it has appointed Erik Vollebregt, an exploration and production industry veteran who served as the commercial and finance director of Shell Nigeria, …

Daily News Egypt

Fifth Coaltrans Cairo discusses expansion in using coal in industrialisation

The fifth edition of Coaltrans Conference held in Cairo between 18-19 March discussed the possibilities of using coal as an alternative source of energy. The conference discussed the Egyptian government’s desire to shift to using coal in energy generation, along with other numerous industries. Coal has become a necessary adoption thanks to its low production …

Daily News Egypt

Exploration drilling in Nour field begins in September

A source at the Ministry of Petroleum said that the Italian company Eni and Tharwa Petroleum Company will begin digging the first exploration well of the Nour gas field in the concession area in the Mediterranean after obtaining the necessary approvals from the Ministry of Petroleum. Drilling is expected to begin in mid-September

Mohamed Farag

Israeli gas imports suspension lawsuit: Another stumbling block to Egypt’s energy hub aspirations

Cairo Administrative Court referred on Tuesday a lawsuit demanding the suspension of the approval of natural gas imports from Israel, for violating the Egyptian Constitution and Law No 196 of 2017 regulating the gas market to the State Council Commissioner Authority (SCCA). The lawsuit alleges that allowing natural gas imports from the “Zionist entity” endangers …

Mohamed Samir