Petroleum Ministry Highlights Importance of Adopting Recent Technologies
Egyptian oil and gas sector supports developing scientific research in order to cope with the information revolution.
News / Egypt
Egyptian Banks to Finance Oil Firms with EGP 4 B
Five Egyptian Banks have signed a financing agreement of EGP 4 billion to fund state-run Co-operation Petroleum Company (Copetrole) and Misr Petroleum Company.
Badry Yamany Appointed Chairman of DAPETCO
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotion.
Egyptian Cabinet Approves Amendments in Gas Law
The Egyptian Cabinet has approved amending some annexes in the natural gas law number 217 for year 1980 during the Cabinet’s meeting number 110.
Egypt’s Government Overseeing Gas Deal with Israel
The agreement between private companies to import natural gas from Israel will be subject to the Egyptian regulations governing natural gas imports.
Siemens Completes 20 Electricity Generating Units
Siemens is preparing to complete implementing the eighth electricity generating unit in Beni Suef plant and add it to the national grid within days.
Egypt to Pay $250 M Arrears to IOCs in March
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.
Petroleum Ministry Rejects Gas Price Reduction for Factories
Governmental sources reportedly rejected decreasing natural gas price for factories following natural gas self-sufficiency as the output will be used to cover local demands.
Four Sectors Consume 40% of Egypt’s Natural Gas Output
The industrial sector is the top consumer as it depends heavily on natural gas to operate most of projects.
EGAS to Import 3 LNG Cargoes
EGAS arranged importing three liquefied natural gas (LNG) shipments from France's Engie, to be delivered during the second quarter of 2018.
