News / Egypt
Dana Gas Freezes Egypt’s Investment over Arrears
Dana Gas will not inject new investments in Egypt because of delays in obtaining payments owed to it by the government.
Electricity Ministry to Announce Details about Dabaa Nuclear Project
The Egyptian Ministry of Electricity is preparing to publicly announce the details of the Dabaa nuclear power plant in cooperation with Russia.
Egypt’s Estimated Investments at $8b
The Egyptian Ministry of Petroleum and Mineral Resources estimated investments of current fiscal year 2016/2017 at $$8b
Town Gas Company Provided Gas to 3.2m Customers
Town Gas has provided gas to 3.2m customers, out of 7.7m, all over the country.
EGPC, NBE Agreed on Gas Meters Installment
The Egyptian General Petroleum Corporation (EGPC) agreed with the National Bank of Egypt (NBE) on the installments for gas meters at the housing units all over the country to be paid during 1 to 7 years.
Egypt Paid $650m to Eni
Egypt paid $630m in financial obligation to Italian oil and gas company Eni in January to develop the giant Zohr field off the Mediterranean coast.
Egypt’s Electricity Ministry Faces liquidity Issues
The Egyptian Electricity Ministry is looking to collect the EGP 1.2 b in overdue power bills owed by public sector companies.
Sino Tharwa Halted Project in West Minya
The 1.5m acre project in West Minya has stopped temporarily until completing the transfer of the responsibilities of the project from the Ministry of Water Resources and Irrigation to Egyptian countryside Development Company.
