Egypt Urgently Seeks Affordable Oil and LNG Amid Escalating Energy Crisis
Egypt is Scrambling For Cheap Oil and LNG as its Energy Crisis Deepens Egypt is once again facing a resurgence of natural gas shortages, drawing headlines as the country enters the peak summer season. With soaring temperatures above 40°C expected in the coming months, electricity demand—driven largely by air conditioning—is putting intense pressure on the […]
BP Strikes Oil and Gas Reserves in the Mediterranean Sea
BP hits oil & gas pay in Mediterranean Sea UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ). The announcement of BP’s new oil and gas discovery in King Mariout was made by Dr. Mostafa Madbouly, Egypt’s Prime Minister, during a press conference on February 6, […]