News / Egypt
Egypt Cut Fuel Import Bills by 23%
Egypt's fuel imports for the first five months of 2017 fell to $497 million from $645 million during the same period last year, a year-on-year decrease of 23%.
Petroleum Sector Boosts Output in H1, Consumption Falls
The Egyptian petroleum sector increased oil and natural-gas output in the first five months of 2017 to reach 28.138 million tons.
IOCs Increase Investments in Egypt by 22.7%
International oil companies (IOCs) increased their investments in Egypt to $8.1 billion during fiscal year (FY) 2016/2017, up 22.7% from the $6.6 billion invested in FY 2015/2016
Petroleum Subsidies Hike by 135% in FY 2016/2017 Budget
Egypt spent approximately EGP 120 billion on oil and gas subsidies during fiscal year (FY) 2016/2017 as a result of the flotation of its currency.
El Molla Meets with ACWA Power CEO
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the CEO of ACWA Power, Paddy Padmanathan, to review the company's energy and water-desalination projects in Egypt and the region.
ACWA Power to Build Solar Plants in Aswan Province
ACWA Power has agreed to build three solar photovoltaic power plants in Aswan Province.
Egypt to Upgrade ‘Smart’ Meters
Egypt will upgrade its smart electricity meters to enhance their security.
El Sisi Signs the New Gas Regulatory Law
Egyptian President Abd El Fattah El Sisi approved a new law today to govern the Egypt’s gas market.
