Sidpec Reports EGP 703M Profit for first 3 Quarters
Sidi Kerir Petrochemical Company’s (Sidpec) profits reached EGP 703 million in the first nine months of 2017.
News / Egypt
Russian-Egyptian Contracts for Dabaa Plant this Year
Contracts between Egypt and Russia for the Dabaa nuclear plant should be finalized by the end of 2017.
Gasoline, Diesel Consumption Fall
Consumption of gasoline and diesel fell during the first quarter of fiscal year (FY) 2017/2018.
Egypt to Clear Back Payments to IOCs Within 2 Years
If Egypt maintains its current payment rate, it will pay down its arrears to international oil companies (IOCs) within two years.
UK Providing $97M for the Benban Project
Britain will invest more than $97 million in the Benban Solar Park.
French Investments in Egypt’s Oil and Gas Sector Increasing
French investments in Egypt’s oil and gas sector are growing.
Consortium to build 250MW Wind Farm in Ras Ghareb
Orascom Construction Company, Engie, and an unspecified Japanese firm will build a 250 megawatt (MW) wind farm in Ras Ghareb.
Egypt Experiencing Broad Economic Growth
Egypt is experiencing broad economic growth despite high inflation.
El Shazly: E&P Agreements Linked to LCPs
Egypt’s exploration and production (E&P) agreements are linked to its local-content policies (LCPs).
El Sewedy Wants 1M Households Connected to Gas Grid in FY 2018/2019
The parliamentary Energy and Environment Committee supports the government’s plans to extend the natural gas grid to 600,000 new households during fiscal year (FY) 2017/2018.
