ANRPC plans to refine 5 million tons of crude oil in FY 2018/2019 in order to produce around 99,000 tons of butane, 1.3 million tons of naphtha, 1.2 million tons of diesel, 1.4 million tons of mazut, 400,000 tons of jet fuel, and 19,000 tons of asphalt.
The Egyptian Ministry of Electricity and Renewable Energy received EGP 3 billion late December as a part of the amounts allocated for electricity subsidies.
Saudi Arabia’s ACWA Power Company reached the financial closure for the development, construction, and operation of solar power projects at the Benban complex in Upper Egypt's Aswan.
Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate.
TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada.
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 Deutsche Erdoel AG has plans to inject more investments in Disouq and the Gulf of Suez, DEA’s CEO, Maria Moraeus Hanssen, stated.
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.
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.
UK’s ATKINS shows interest in Egypt’s renewable energy cooperation, especially in the wind energy field.
