Ganoub El Wadi (Ganope) signed a Memorandum of Understanding (MoU) with Russia's Zarubezhneft Jst and the Egyptian Natural Gas Holding Company (EGAS) to develop petroleum production ratio.
The Egyptian General Petroleum Corporation (EGPC) will meet with the Egyptian Tax Authority in order to discuss applying the Value Added Tariff (VAT) on petroleum activities.
Egypt's Electricity Minister, Mohamed Shaker, met with Siemens executives to discuss the electricity grid master plan, which aims to strengthen and develop the electricity network in Egypt until 2025.
EETC is ready to sign power purchase agreements with renewable energy companies under the Feed-in Tariff (FiT) program as soon as they reach financial close.
Ganoub El Wadi Petroleum Company (Ganope) is in talks with five companies over collecting geophysical data in open areas in the company’s geographical scope at a value of $1b.