News / Egypt
Egypt’s Petrochemical Projects to Start Producing by May
Mega petrochemical projects will start providing the local market with fuel by May, pointing out that these projects are able to solve the deficit between natural gas consumption and production.
BP Announces Third Gas Discovery in North Damietta
BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 meters in water depth of approximately 108 meters.
El Molla: Human Capital is The Key Factor to Increase Revenue
The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that developing the capabilities of both human capital and assets are important to keep up with the latest advanced technologies, as well as to increase profit.
TBEA, Orascom to Build Substation at Walideya Power Plant
China's TBEA and the Egyptian Orascom won the tender for implementing transformers’ substations and civil works for the Walideya power plant in Assiut.
Aramco to Deliver Two Gasoline Shipments to Egypt
Egypt is set to receive two shipments of gasoline as part of the oil shipments supplied by Saudi Aramco by the end of March.
Metropolitan Egypt, Infinity Energy Sign Contract at EGP 10m
Metropolitan Egypt for Consulting has contracted with Infinity Energy Systems to collect financing worth EGP 10m to establish a solar energy plant in Aswan.
PetroZenima Connects Drilled Wells to Production Platforms
PetroZenima has drilled eight wells in the 39km Mozhel field in the Gulf of Suez concession area. The first and second wells were connected and began producing from 500b/d to 800b/d of oil.
Egypt Exchanges 770MW of Electricity with Libya, Jordan
The total electricity capacity exchanged with Jordan and Libya is estimated at 770MW. Egypt's Ministry of Electricity aims to increase the electricity connection with a number of neighboring countries to about 2,000MW by next year.
