Ministry of Petroleum to Invest $18 B in Gas Projects
The Ministry of Petroleum aims at developing 11 natural gas projects in different concession areas, with investments totaling $18 billion.
News / Egypt
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Town Gas Targets Adding 650,000 Houses to Natural Gas Grid
Town Gas Company plans to pump natural gas to 650,000 houses between 2019 and 2020.
General Electric to Increase Investments in Egypt
General Electric plans to increase cooperation with the Egyptian electricity sector, especially in renewable energy projects and wind farms, as well as developing transportation and distribution grids.
Cabinet to Review New Electricity Prices
EgyptERA prepared the new electricity pricing schemes that will be applied in fiscal year (FY) 2019/20 and will submit them to the cabinet by the end of May for approval.
Egypt Reviews Energy Hub Strategy Final Draft
Minister of Petroleum, Tarek El Molla, chaired the meeting of the governmental committee formed upon the instruction of the Prime Minister to follow up on the national project to transfer Egypt into a regional energy hub.
Shell Reviews Schneider Electric Technologies
Officials at Shell reviewed the performance systems in Schneider Electric, which includes ways to continuously enhance performance to boost growth and operational excellence.
Petroleum Arrows Acquires 24% of Fuel Distribution in Egypt
Petroleum Arrows Company acquires around 24% of the total distribution of petroleum products such as gasoline, diesel and mazut across the country.
Ministry of Finance to Receive 25% of Gas Market Regulatory Authority’s Profits
The Ministry of Finance will receive 25% of the Gas Market Regulatory Authority’s profits, while the remaining 75% will belong to the regulator.
Cabinet Approves Solar Project Talks with Eni
The cabinet approved establishing a 200 MW solar plant by Eni, considering that the price of electricity produced from the plant will be of the same value as the prices received to transmit electricity in Kom Ombo bid for $0.027 per 1 kW/h.
