TransGlobe Energy Allocates $29.1 M for Egypt in 2018 Budget
TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada.
News / Egypt
Total Egypt to Construct 220 Solar Power Plants
Total Egypt has assigned Complete Energy Solutions (CES) to prepare a feasibility study for the establishment of 220 solar power plants with capacities varying between 60 kilowatts and 200 kilowatts per plant.
DEA to Increase Investments in Disouq, Gulf of Suez
DEA Deutsche Erdoel AG has plans to inject more investments in Disouq and the Gulf of Suez, DEA’s CEO, Maria Moraeus Hanssen, stated.
Egypt to Generate Electricity from Water Plants
The Egyptian electricity sector is taking steps to establish first power plant in the Middle East to generate electricity from water stations using pumping and storage technology.
Petrogas to Fill 3.9 M Tons of Butane in 2018/2019
Petroleum Gas Company (Petrogas) plans to fill around 3.9 million tons of butane during fiscal year (FY) 2018/2019 in order to meet local market’s demands, Petrogas’ Head, Adel Al Shuwaikh, stated.
Egypt, ATKINS Discuss Renewable Energy Projects
UK’s ATKINS shows interest in Egypt’s renewable energy cooperation, especially in the wind energy field.
Finance Ministry Announces Petroleum Services Subject to VAT
Egypt’s Ministry of Finance has announced a list of 20 products and services related to oil and gas exploration and production (E&P) and export activities to be subject to the value added tariff (VAT) as they will be shifted from sales tax to VAT.
Enppi IPO Expected in H1 2018
Egypt is expecting the initial public offering (IPO) of the Engineering for the Petroleum and Process Industries (Enppi) to take place during the first half of 2018.
NPC to Refine 3.8 M Tons of Crude Oil,Condensates in FY 2018/2019
Nasr Petroleum Company (NPC) plans to refine 3.8 million tons of crude oil and condensates during fiscal year (FY) 2018/2019, NPC’ Head, Nabil Fahmy.
Egypt to Establish an EGP 18B Electricity Transmission Grid
Egypt is currently establishing a new 2000 kilometer long electricity transmission grid, with an EGP 18 billion cost, said Minister of Electricity and Renewable Energy, Mohamed Shaker.
