Egypt Invests EGP 483B in Electricity Grid
Egypt has recently invested EGP 483 billion in projects to develop its national electricity grid
News / Egypt
Egypt’s Fuel Imports Reach $819M in June
The Egyptian oil and gas sector imported fuel for $819 million in June 2017, making around 30.6% Year-over-Year (Y-o-Y) increase from $627 million worth fuel in June 2016.
12.2% of Buildings Linked to Natural Gas Grid
The percentage of buildings linked to Egypt’s natural gas grid rose to 12.2% in 2017
APRICOP Considering Additional Investments in Egypt
Arab Petroleum Investments Corporation (APRICOP) is studying new projects for investment in Egypt.
Inflation Falls in September
Urban consumer price inflation eased slightly in September, dropping to 31.6% from 31.9% in August.
IMF: Economy to Grow 4.5% in FY 2017/2018
The International Monetary Fund (IMF) projects that Egypt’s economy will grow by 4.5% in fiscal year (FY) 2017/2018.
Shaker Praises Work of AfDB in Egypt
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, met with a delegation from the African Development Bank (AfDB) to discuss the bank's to support of Egypt energy sector.
Egypt, Jordan Develop Capacity to Exchange 400 MW of Electricity
A project to connect Egypt and Jordan’s electricity grids will permit the two countries to exchange up to 400 megawatts of electricity.
Egyptian, Jordanian Firms Sign Two Energy MoUs
Egyptian and Jordanian companies signed two energy-sector Memoranda of Understanding.
Zohr Production Remains On Track For This Year
Production from the Zohr gas field remains on track to begin in December.
