UAE’s ADIA to Invest $2B in Egypt
The Abu Dhabi Investment Authority (ADIA) plans to invest $2 billion in Egypt’s oil, infrastructure and electricity sectors during the second half of 2018.
News / Egypt
Governor Inaugurates Aswan Solar Installation
Four new solar plants in Benban have been inaugurated by Aswan Governor Magdy Hegazy and the Chinese consul in Cairo.
Egypt, Jordan Establish $5M Renewable Energy Firm
Egypt's Triple M Construction Company and Jordan's Al Own Advanced Construction Company have established a new $5 million renewable energy firm called the Egyptian-Jordanian Company for Renewable Energy.
Egypt, Cyprus to Sign Gas Pipeline Agreement
Egypt and Cyprus will soon sign an agreement to establish an undersea natural gas pipeline between Cyprus’s exclusive economic zone to an Egyptian liquefied natural gas plant.
Egypt, Sudan Discuss Establishing Electricity Linkage
Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker has met with his Sudanese counterpart Moataz Mousa in Khartoum to discuss establishing a 220,000-voltage-capacity electricity linkage.
El Molla Reviews Infrastructure Development Projects
Developing the infrastructure and oil ports are two of the Ministry of Petroleum's main priorities in the framework of the government's work program, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has said.
Egypt Plans Energy Subsidies Reduction
The Egyptian government plans to reduce subsidies of petroleum products by 26% and electricity subsidies by 47% in the annual budget for the 2018/2019 fiscal year (FY).
Hisham El Hallaj Appointed Head of UGDC
The Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has appointed Hisham Fathy Abdel Samad El Hallaj as the new head of the United Gas Derivatives Company (UGDC).
Egypt Crude Production Reaches 660,000 b/d
Egypt is currently producing around 660,000 barrels per day (b/d) of crude oil.
Egypt Completes 24 Hydrocarbon Projects Since 2014
The Egyptian oil and gas sector completed 24 projects over the past four years, investing $16.2 billion in the process, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has stated.
