ERC Seeks $80 M Loan from CIB
CIB is arranging the $80 million loan for ERC to fund the general capital.
News / Egypt
ELAB Reveals 72% of Petrochemical Exports Goes to the European Market
The company exports its product to Middle Eastern and North African countries, as well as some countries in Asia and South America.
CBE to Offer Loans for Natural Gas Vehicle Conversion
The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline
ENOC Group, Proserv to Establish ENOC Misr JV
ENOC Group signed a JV agreement with Proserv Egypt in order to establish ENOC Misr, ENOC Group's first on-ground operations in Egypt's lubricants sector.
ACWA Power to Pay $90 M in Natural Gas Pipeline Construction
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.
Monday Minutes: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
70% Gas Probabilities Discovered in the Red Sea
The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganope, revealed gas discoveries probabilities exceeding 70% as per a seismic survey.
Petroceltic to File an Arbitration Case against EGPC
The company plans to file an arbitration case as EGPC breached obligations in several gas sales agreements and was not able to pay its debts in time.
Egypt to Export 550 mmscf/d of Gas via Damietta Plant in April
The MoP agreed with its foreign partners to compensate for the plant's halting period by deducting amounts from EGAS' profits from the plants re-operations.
Lekala, EETC Sign PPA Wind Farm Agreement
The wind farm is expected to help Egypt achieve its targets for renewable energy under the Build Own Operate (BOO) scheme
