The Egyptian Ministry of Electricity and Mineral Resources will cancel the contract meant for technical evaluation and management of Siemens power plants
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla disclosed that an oil delegation will visit Baghdad during February to reach an agreement on the final draft to import Iraqi crude oil.
The Egyptian Ministry of Electricity and Renewable Energy delayed Oyoun Moussa power plant to be contracted with Emirati Al Nowais Company to 2022-2027.
Ataqa power plant's production declined by 200 MW, despite the development operations conducted on its production units at a cost of $25m and the periodic overhaul and maintenance that were conducted by General Electric and Siemens.
The movement of vessels carrying oil and petroleum derivatives through the Suez Canal has increased by 36% from 6.8m tons in December 2015 to reach 9.3m tons in December 2016.