Chinese renewable energy company Sungrow has laid the foundation stone for a $50 million energy storage systems assembly factory in the Ain Sokhna Industrial Zone.

Egypt and the UAE explored opportunities to expand cooperation and investment in renewable energy, battery storage, and electricity infrastructure.

CI Capital expects that every 10% increase in global oil and natural gas prices would raise Egypt's annual fuel import bill by around 26%, or $6 billion, the Cairo-based diversified financial services group said in a recent report.

Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi reviewed plans to secure the local market’s energy needs during August, including measures to maintain adequate supplies and provide operational alternatives.

Minister of Petroleum and Mineral Resources Karim Badawi held talks with Jordanian Minister of Energy and Mineral Resources Saleh Ali Al Kharabsheh to expand cooperation across the energy, natural gas, and mining sectors.

The Ministries of Petroleum and Mineral Resources and Investment and Foreign Trade agreed to establish a joint working committee to support financing and investment opportunities in petroleum sector projects and strengthen cooperation with international financing institutions and strategic partners.

Egypt has fully settled all outstanding arrears owed to oil and gas investment partners, cutting them to zero after dues had reached approximately $6.1 billion in June 2024, according to Minister of Petroleum and Mineral Resources Karim Badawi.

Egypt presented its vision to strengthen its role as a regional energy hub connecting producers and consumers at the US-Gulf Energy Infrastructure Summit in Washington, D.C., according to a statement by the Ministry of Petroleum and Mineral Resources.

Egypt was the largest natural gas consumer in Africa in 2024, accounting for 33.6% of the continent's total natural gas consumption, followed by Algeria, South Africa, and Morocco, according to a new study released by the Information and Decision Support Center (IDSC).

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid Saleh, met with David Reavley, CEO of ASC Water and Energy, during his official visit to London to discuss opportunities for cooperation in localizing energy and water solutions in Egypt and attracting the company’s investments to the country.

Minister of Petroleum and Mineral Resources Karim Badawi said Egypt has the capabilities to become a hub connecting the Caspian Sea region and Europe in the energy sector, citing its strategic location and advanced energy infrastructure.

Minister of Petroleum and Mineral Resources Karim Badawi discussed opportunities to deepen cooperation with Turkiye in the energy and mining sectors during a meeting with Turkish Minister of Energy and Natural Resources Alparslan Bayraktar on the sidelines of Baku Energy Week in the Azerbaijani capital from June 1st to 3rd.

Minister of Petroleum and Mineral Resources Karim Badawi discussed opportunities to expand cooperation in the energy sector with Azerbaijan’s Energy Minister Parviz Shahbazov on the sidelines of Baku Energy Week in the Azerbaijani capital from June 1st to 3rd.

Chairman of the Mineral Resources and Mining Industries Authority Yasser Ramadan held a series of meetings with Turkish and American officials and companies to explore opportunities to attract investment to Egypt’s mining sector.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held talks with Alparslan Bayraktar, Minister of Energy and Natural Resources of Türkiye, to explore cooperation opportunities in the mining and energy sectors.

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with Norway’s Scatec to review the progress of renewable energy projects with a combined capacity of 3,100 megawatts (MW) and battery storage systems totaling 4,000 megawatt-hours (MWh), as the government pushes forward its energy transition strategy.

Egypt is targeting three initial public offerings (IPOs) before the end of the current fiscal year (FY) 2025/2026.

In this factsheet, we review Egypt’s electricity generation and consumption patterns and provide an overview of the latest electricity price adjustments and their underlying drivers.

Minister of Petroleum and Mineral Resources, Karim Badawi, said Egypt has reduced outstanding payments owed to international oil companies (IOCs) from $6.1 billion at the end of June 2024 to about $1.3 billion, with a target to clear the balance entirely by next June.

The African Export-Import Bank (Afreximbank) has approved a $10 billion Gulf Crisis Response Programme (GCRP) to support African and Caribbean Community (CARICOM) economies affected by the ongoing conflict in the Middle East.