The Ministerial Council of the Gas Exporting Countries Forum (GECF) appointed the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, as Alternate President of the Ministerial Meeting in 2018.
Egypt's Cheiron Holding Company won the right to partner with PEMEX, a Mexican company, to develop the Cardenas-Mora project in Mexico.
SDX Energy Company has made a new oil discovery in the West Gharib Concession.
The World Bank has provided the Egyptian energy sector with $4 billion in funding.
The Middle East Oil Refinery (MIDOR) will receive a $1.2 billion loan from Crédit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti to finance the second phase of the expansion plans carried at its refineries.
The industrial zone agreement, signed between Cairo and Moscow in February 2016, was designed to offer favorable treatment and benefit Russian resident companies, such as carmakers, petrochemical enterprises, energy, and medical companies.
KarmSolar finalized a power purchase agreement (PPA) for two solar plants with subsidiaries of the Dakahlia Group
The Egyptian government approved GlobalConnect’s acquisition of a 25% stake in the Abu Sennan Concession.
The International Finance Corporation (IFC) plans to invest approximately $700 million in renewable energy projects in Egypt during the current fiscal year.
The European Bank of Reconstruction and Development (EBRD) will provide $28.5 million in financing for a solar plant in Aswan.
