News / Egypt
El Molla Follows Up Progress of Zohr Field
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Port Said Governorate to inspect the work progress at Zohr field as a part of following up the new gas development project.
Rosneft to Provide 10 LNG Cargoes to Egypt
A trading unit of Russia's largest oil producer Rosneft Trading SA (RTSA) has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company (EGAS) in 2017.
Egypt to Achieve Electricity Sufficiency
The opening of three major power plants in March was the latest in Egypt’s efforts to end its electricity shortage crisis. At the cost of $6.4b, each plant will produce 4,800MW of electricity annually at peak operations.
Solar Power Companies Consider Exiting FiT
Seven solar power companies that signed on projects under the terms of the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs.
SDX Drills Exploratory Well in Egypt
SDX Energy has started drilling the potentially high impact SD-1X well at South Disouq concession, in the Nile Delta area of Egypt.
Egypt Negotiates 250,000 Tons of Fuel Imports
The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
Egypt and Saudi Aramco to Discuss Shipments
The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule and quantities required according to Egypt's needs of petroleum products.
Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
