The Egyptian investment bank EFG Hermes Holding S.A.E. was picked by Saudi Arabia to be one of 15 banks that have secured joint bookrunner roles on Saudi Aramco’s Initial Public Offering (IPO), Bloomberg has reported.
Egyptian Natural Gas Holding Company (EGAS) has canceled a tender for six Liquefied Natural Gas (LNG) loading cargoes from the Idku plant, after it was scheduled to be offered during the period between October to November 2019 as Free on Board (FoB) shipping, Reuters quoted three sources as saying.
Schneider Electric is co-working with the Egyptian government to dispatch control centers for the electricity grid, which President Abdel Fattah El Sisi has placed as a national priority.
Chairman of New and Renewable Energy Authority (NREA) Mohamed El Khayat inaugurated a roundtable that discussed investment potentials in renewable energy and sustainable development in Egypt.
African Development Bank Group (AFDB) aims to increase its funding to Egypt in the coming period to implement projects in the energy sector.
Maurice Nessim, President at WesternGeco, Schlumberger, has won the Chairmanship of the Society of Exploration Geophysicists (SEG), which is the most famous international organization of applied geophysics in the world, based in Houston, Texas.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, reviewed the Egyptian strategy to achieve transparency and fight corruption at the Sustainable Development Impact Summit in the World Economic Forum, New York.
Kypreos pointed out that the fact that the Egyptian government settled its due payments to foreign oil companies, as well as the recent oil discoveries, had its positive impact on the country’s balance of payments and oil exports.
Egypt plans to export electricity to Iraq through the interconnector with Jordan, with an increasing capacity reaching 2,000 MegaWatt (MW).
The Egyptian government has prolonged the butane’s strategic reserves to 32 days, compared to only 15 days earlier as strategic reserves increased after building up two reserves in Alexandria and Sohag provinces during the past three years.
