Electricity Ministry Participates in Energy Trade Conference
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, participated in the first Pan-Arab Energy Trade Conference, held on November 6 & 7, 2019.
News / Egypt
MSMEDA Finances Car Conversion to CNG
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed two agreements with Natural Gas Vehicles Company (Car gas) and the Egyptian International Gas Technology Co. (Gastec), totaling EGP 80 million, in order to convert cars to run on compressed natural gas (CNG) instead of gasoline.
Egypt’s Government Establishes Gas Meters Firm
Egypt's Minister of State for Military Production, Mohamed Saeed Al-Assar, witnessed the signing of an agreement between the National Organization for Military Production’s subsidiary, El Maasara for Engineering Industries; GAS Metro Industries; and El Sewedy Electrometer Group (EMG), aiming to establish a shareholding firm.
Aramco’s IPO to Affect Egypt’s Petrochemicals Sector
Saudi Aramco’s initial public offering (IPO) is forecasted to positively affect Egypt’s petrochemicals sector, Egyptian stock exchange expert Hanan Ramsis said.
Two New Wells in Baltim Begin Production with 190 mcf/d
The exploration wells, Baltim Southwest-1 and Baltim Southwest-2, in the Nile Delta region began production with a rate of about 190 million cubic feet per day (mcf/d) and about 1,300 barrels of condensate per day.
Electricity Ministry Mulls Shelving Coal Energy Projects
The Egyptian Ministry of Electricity and Renewable Energy is considering suspending the implementation of coal energy projects, which would have had a total capacity of 9,250 megawatts, with investments of nearly $6 billion.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Egypt Achieves 60 Discoveries During FY 2018/19
The Egyptian General Petroleum Corporation's (EGPC) Chairman, Abed Ezz, said that 60 new discoveries had been realized during the previous fiscal year in the fields of petroleum and natural gas, adding that two new discoveries will be announced soon: the first will be for Eni in Gulf of Suez region, while the second will be for Petro Gulf in Sinai.
Qalaa Invests $4.7 B in ERC Project
Egypt’s Qalaa Holdings’ Chairman, Ahmed Heikal, announced that the company has implemented investments in the Egyptian Refining Company's (ERC) project totaling $4.7 billion.
EETC Signs $200-MM Energy Agreement for Aswan Solar Station
The Egyptian Prime Minister, Moustafa Madbouly, witnessed the signing of an agreement to purchase energy for a solar power generation project under a Build-Own-Operate (BOO) system, with a capacity of 200 megawatts (MW), in Kom Ombo, Aswan, worth nearly $200 million.
