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.
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.
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).
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 is currently producing around 660,000 barrels per day (b/d) of crude oil.
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.
The Egyptian Ministry of Electricity and Renewable Energy has said that the improvement of temperature has helped to stabilize the electrical loads on the country’s national grid.
The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank.
Italy’s Edison Company plans to sell its $2 billion exploration and production (E&P) division to focus on its retail operations.
The Egyptian government has announced that 100 local electricity, construction, installation and consultancy firms will work on the development of the Al Dabaa nuclear power plant.
