News / Egypt

Fuel Subsidies to Reach EGP 40b

Petroleum derivatives subsidies bill will reach around EGP 40b in the last quarter of 2016/2017.

Japan Supports Egyptian Electricity Distribution Companies

Egypt secured a $243m loan from the Japanese International Cooperation Agency (JICA) to finance EEHC.

Egypt-Saudi Power Linkage Expected Late 2018

Egypt is expected to complete a project aimed at linking its power grids with Saudi Arabia at the end of December 2018.

NI Capital to Announce Winner of Enppi’s IPO

NI Capital will announce the banking winner for Enppi’s IPO early June.

Ismail Reviewed the Petroleum Products Distribution System

Ismail stressed on the importance of completing reviewing the data of the petroleum products distribution system all over the country.

Amer: CBE to Pay $750m to IOCs by June

Tarek Amer, said that the CBE will pay $750m of arrears to International Oil Companies( IOCs) by June 2017.

Egypt Aims to Pump Natural Gas to 1m Households

Egypt's Ministry of Petroleum and Mineral Resources is aiming to pump natural gas to 1m households in 26 governorates.

Cabinet Approves Six Agreements between EGPC and IOCs

The Egyptian cabinet met on the 25th of May and approved six agreements between the Egyptian General Petroleum Company (EGPC) and a number of unnamed IOCs for oil exploration in the Western Desert.

GIG Wins Petrojet’s Insurance Policy Tender

The Petroleum Projects and Technical Consultations (Petrojet) awarded an insurance tender to Arab Misr Insurance Group (GIG) to provide property insurance for the oil and gas services provider.

El Molla in Talks with Dow

El Molla received Dow’s President for the India, Middle East, Africa and Turkey (IMEAT) region, Jim McIlvenny.

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