News / Egypt

Oil Ministry Received EGP 20b in Debts from Electricity Ministry

The Ministry of Electricity has paid EGP20b of its debt to the Ministry of Petroleum and Mineral Resources.

Egypt’s Cabinet to Cut Energy Subsidies by 10% in 2017-2018

Egypt's cabinet considers cutting energy subsidies by 10% in the next fiscal year (2017-2018).

El Molla Meets with Korean Ambassador in Egypt

Tarek El Molla, met with South Korean Ambassador to Egypt, Yoon Soon Gu to review the activities of Korean oil and gas companies.

EGPC to Allocate 400,000 Subsidized LPG Cylinders

Tarek El Hadidi said that EGPC decided to allocate 400,000 subsided LPG cylinder to slums all over Egypt.

ERC Completes More than 92% of Main Project

ERC has completed more than 92% of its main project, noting that the company is one of the most important energy producers in Egypt.

ERC to Start A Trial Operation at Mostorod Plant

ERC will start a trial operation for the new refinery in Mostorod during the fourth quarter of 2017.

Egypt’s Electric Production Capacity Estimated at 90GW from Renewables

Mohamed Shaker, said that Egypt has the capacity to produce 90GW of electricity from renewable resources.

EGAS to Link Noras, Northern Alexandria and Zohr

EGAS is willing to link 1bf of gas from Noras, Northen Alexandria and Zohr fields during 2017.

Sisi, Merkel to Inaugurate the New Siemens Power Plants

German Chancellor Angela Merkel and Egypt's President Abdel Fattah El Sisi will jointly inaugurate the first phase of the Siemens power plants.

Egypt, Iraq Sign Oil Exports Agreement

The Iraqi Oil Marketing Company (SOMO) has signed a contract for oil exports with the Egyptian government.

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