The energy sector is an important driver of Egypt’s socio-economic development, accounting for around 13% of GDP in 2017. Aside from the member states of the Organisation of the Petroleum Exporting Countries, Egypt is Africa’s largest oil producer, as well as its third-largest producer of dry natural gas, according to the US Energy Information...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
The 2015 discovery of the El Zohr gas field nearly doubled Egypt’s proven natural gas reserves. Given the scale of the domestic find, the inking of an agreement in 2018 for the Israeli company Delek Group to sell natural gas to Egypt’s Dolphinus Holdings was met with surprise on the part of some local industry observers. According to the terms...
According to the Minister of Petroleum and Mineral Resources, Tarek El Molla, foreign investment in oil and gas reached approximately $10bn in FY 2017/18, representing growth of 25% over investment received during the year prior, due mainly to spending on new gas fields in the Mediterranean Sea. El Molla asserted that the country is targeting...
Aside from the member states of the Organisation of the Petroleum Exporting Coun¬tries, Egypt is Africa’s largest oil producer, as well as its third-largest producer of dry natural gas, according to the US Energy Information Administration. Despite the abundance of its natural resources, how¬ever, the country faced an energy crisis following the 2011 revolution, marked by frequent blackouts...
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