News / Egypt
IMF Supports Egypt’s Fuel Subsidies Removal
International Monetary Fund (IMF) backs Egypt's plans to remove fuel subsidies within three years and push inflation down to single digits.
Eight Companies Bid for Electricity Linkage with Saudi Arabia
The switch stations in Egypt and Saudi Arabia will be linked by land cables, in addition to a submarine cable of 500KV, which is to cross the Gulf of Aqaba at a length of 16km.
El Molla Met with GACIC’s Delegation
El Molla met with German-Arab Chamber of Industry and Commerce's delegation.
Roseneft Signs Cooperation Agreement with Eni
Russia's Roseneft signed an agreement with Eni to expand hydrocarbon cooperation.
SUMED Signs $300m Deal with NBK
Sumed Company and National Bank of Kuwait (NBK) signed a $300m agreement to finance part of a project to store petroleum products and natural gas in Ain Sukhna port.
El Molla Visited ERC and CORC
El Molla visited the project of the Egyptian Refining Company (ERC) annd the refinery of the Cairo Oil Refining Company (CORC) in Mostorod.
El Molla Reviewed Atoll Field Status
BP has completed 53% of the development work being carried out at the North Damietta offshore concession.
Dana Gas Receives $20m Additional Payments from Egypt
Dana Gas received a $50m initial payment from the Egyptian government.
