News / Egypt
Banks Consortium to Finance Coal Power Plant
A consortium composed by nine banks will fund the establishment of a coal-fired power plant in Hamrawein.
Egypt to Cut Fuel Imports by 2019
Egypt plans to reduce fuel imports to about 10% of total consumption.
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.
IOCs Start Exploration Program in North El Hammad
The exploration program aims to explore more fields in the area in order to increase Egypt’s oil and natural gas domestic production.
El Molla Issues New Promotion
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotion.
El Molla Meets Norwegian Ambassador to Egypt
El Molla pointed out that the cornerstone of the petroleum sector is being open to global and regional experience and expertise in the field of oil and natural gas.
India Increases Petrochemical Investments in Egypt
India's petrochemical giant TCI Sanmar will boost its investments in Egypt to reach $1.5b.
Siemens to Connect 800MW to National Grid
Siemens plans to connect 800MW of electricity produced at Burullus power plant to Egypt's national grid by the end of June 2017.
