PetroTrade Seeks EGP 2.5B Loan
PetroTrade is in talks for an EGP 2.5 billion loan.
News / Egypt
Bonatti Group Wins Onshore-Service Contract for Zohr
The Bonatti Group won a contract for electrical and developmental work at the Zohr natural gas field.
Consideration of Bids for Egypt-Saudi Interconnection Project Postponed
Saudi Arabia and Egypt agreed to postpone the consideration of bids on electricity lines and transmitters for the Egypt-Saudi Arabia Interconnection Project until January.
Atoll Field Still on Track for Production in 2017
The BP-operated Atoll natural gas field remains on track to begin production in 2017.
Total Acquires 5% Stake in Idku LNG Project
Total announced that it purchased a 5% stake in the first train of the LNG project in Idku
EBRD Predicts 4.5% GDP Growth
The European Bank for Reconstruction and Development (EBRD) predicts that Egypt’s economy will grow at 4.5% in fiscal year (FY) 2017/2018.
Liquid Bulk Terminal to Receive $500M in Financing
Sonker Bunkering Company and DP World finalized $500 million in financing for a liquid bulk terminal at Ain Sokhna.
Giza, Fayoum fields to Begin Production in 2018
The government plans to bring the Giza and Fayoum natural gas fields online by the end of 2018.
Alexandria Petroleum, APRC Produce 170,000 tons of Butane Annually
Alexandria Petroleum Company and Amreya Petroleum Refining Company (APRC) provide the market with 170,000 tons of butane annually.
Egypt Gas Installing Gas Meters in Kafr El Zayat
Egypt Gas Company has begun the installation of natural gas meters in households in Kafr El Zayat.
