The Egyptian General Petroleum Corporation (EGPC) announced the results of its energy transition projects across work sites, which focused on expanding renewable energy use, reducing flare gas emissions, and reusing them as value-added products. The initiatives fall under the fourth and fifth axes of the Ministry of Petroleum and Mineral Resources’ strategy, as per a statement.

President Abdel Fattah El-Sisi directed the government on the necessity of regularly paying financial dues to companies contracting with the state in the oil and natural gas sector.

Egypt has launched an international tender to import approximately 740,000 tons of petroleum products for delivery in August.

Egypt is cooperating with the Emirati government on integrating four gigawatts of renewable energy into its power grid by next summer, alongside efforts to localize related industries.

Egypt and the UAE are considering potential cooperation in the fields of trade, storage, and circulation of petroleum products.

The Egyptian government has released essential goods worth $14.5 billion at ports since the beginning of this year, Minister of Finance Mohamed Maait announced during an open dialogue with press and media figures about the new budget for the upcoming fiscal year (FY) 2024/2025.

Egypt has launched an international tender to import around 600,000 tons of petroleum products that are set for arrival in March.

The Egyptian General Petroleum Corporation (EGPC) has launched an international bid to import 400,000 tons of diesel and around 200,000 of gasoline, to be delivered in December.

Egypt is planning to list new petroleum products, especially nitrogenous and phosphorous ones, on the Egyptian Mercantile Exchange (EMX) before the end of 2023.