Cabinet Issues E&P Agreements Licenses
The Egyptian cabinet has issued a license to amend the exploration and production (E&P) agreement for the Ras Qattara Concession.
News / Egypt
Diesel Consumption Reaches Close to 275,000 tons a Week
The Egyptian local market consumed around 275,000 tons per week, across the state’s sector, while the country’s output reached 130,000 per week.
AEDC Issues Tenders for Infrastructure Development
The Alexandria Electricity Distribution Company (AEDC) issued six tenders for local firms as a part of its plans to refurbish and develop its infrastructure.
Dabaa Nuclear Plant Construction Could Start in 2020
The construction of Egypt's Dabaa nuclear power plant could start in 2020, Alexei Likhachev, Rosatom CEO, has announced.
Egypt Completes EGP 12 M Kureimat Solar Plant Maintenance
Egypt has completed the EGP 12 million maintenance of the gas turbines and solar systems in the Kureimat solar plant, said Mohamed El Khayat, head of the New and Renewable Energy Authority.
Electricity Ministry Delays IPOs
The Egyptian Ministry of Electricity and Renewable Resources has delayed the initial public offerings of three firms onto the Egyptian Exchange until electricity subsidies are lifted.
SDX Starts Initial Drilling at South Disouq
SDX Energy Corporation started the initial drilling operations at its Ibn Yunus-1X exploration well located at South Disouq field.
Egypt Pumps 250,000 Butane Cylinders per Week
The Egyptian General Petroleum Corporation (EGPC) recently succeeded in pumping 250,000 butane cylinders during the past week to cover the demands of the commercial and residential sectors across the country.
ADES Borrows $450 M to Finance Acquisitions
ADES International Holding Company will borrow a syndicated loan worth $450 million over five years in order to finance acquisitions following the company’s 2017 initial public offering.
Gastec Owns 52% Market Share in Vehicles’ Natural Gas Sales
The Egyptian International Gas Technology (Gastec) owns 52% of the market share of the total natural gas sales for cars.
