World Bank Voices Support for Egypt Energy Hub Project
The World Bank is willing to support Egypt’s project to become a regional energy hub by funding infrastructure and providing technical support.
News / Egypt
UK Export Finance to Fund Egypt Energy Sector
The UK’s export credit agency, UK Export Finance (UKEF), announced its willingness to fund Egypt's petrochemical projects.
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Oil Sector Doubles Net FDI during July/March FY 2017/18
More than half of Egypt’s net foreign direct investment (FDI) during the first nine months of FY 2017/18 was invested in the oil sector.
Government Signs Contracts for $10.9B Petrochemical Complex
The Egyptian cabinet signed contracts on June 30 with the Cairo-based Carbon Holdings to build a $10.9 billion petrochemical complex.
WGC 2018: El Molla Discusses Economic Policy with World Bank Officials
Egypt’s petroleum minister Tarek El Molla updated the World Bank's senior vice president, Mahmoud Mohieldin, about Egypt's economic situation during a visit to the World Bank's headquarters in Washington DC.
Egypt to Inaugurate Mega Wind Farm
Minister of Electricity Mohamed Shaker will inaugurate a 580-megawatt (MW) wind farm this weekend.
Noor Gas Field Update: Oil Ministry Spokesperson Confirms August Exploration Drilling
Eni will start exploration drilling at Noor field off North Sinai shore within two months.
El Molla Represents Egypt at World Gas Conference
Minister of Petroleum Tarek El Molla is currently representing Egypt at the 27th World Gas Conference (WGC 2018), which is taking place in Washington DC from June 25-29.
Eni, Tharwa to Drill Noor Field in August: Ministry Source
Eni and Tharwa Petroleum may begin exploration drilling in the anticipated Noor gas field in August, according to an anonymous source.
