News / Egypt
Ministry of Petroleum Arrears Down by $2.8b
El Molla said that the ministry has successfully reduced its arrears for the IOCs with $2.8b in the last three years. El Molla Discussed Joint Cooperation with EU Delegation
The meeting further discussed possibilities of benefiting from EU initiatives that support the energy activities, particularly oil and gas projects in attempts to achieve sustainable development.
Congo Invites Egypt to Cooperate over Electricity Projects
Egypt's Minister of Electricity and Congo's Minister of Energy and Water Resources discussed cooperation between the two countries.
EEHC Calls for Proposals to Establish Hamrawein Power Plant
EEHC has scheduled receiving offers to establish Al Hamrawein Plantn
Tax Authority to Discuss VAT on IOCs
The Egyptian Tax Authority is in talks over applying VAT on IOCs in Egypt.
Government Debates Energy Subsidies in New Budget
The Egyptian Cabinet is having talks over the amounts allocated for fuel subsidies in the new budget of FY 2017/2018. El Molla Attended Modernization Workshop
Egyptian Minister of Petroleum, Tarek El Molla, announced the end of planning phase and the start of the modernization execution.
Egyptian Cabinet Approved Oil Import from Iraq
El Molla announced that the Egyptian Cabinet approved importing 12b/y barrels of oil from Iraq.Egypt will import average of 1mb of Iraqi oil every month.
