News / Egypt
El Molla Visits Sumed’s LNG Platform
Egyptian Minister of Petroleum visited the liquefied natural gas (LNG) recipient platform and related facilities owned by Arab Petroleum Pipelines Company (SUMED) to follow up on the experimental work in the platform and facilities located in Ain Sokhna Port.
Electricity Ministry Announces New Tariffs
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, announced the details of the new electricity prices according to consumption brackets in an official press conference.
Egypt Announces Consortium to Run Enppi IPO
CI Capital Investment Banking, Emirates NBD Capital Limited, and Jefferies International Limited are the winners of Enppi's consortium.
Parliament Approves New Gas Regulatory Law
The Egyptian Parliament has granted the final approval on the new gas regulatory law, which allows the establishment of the gas regulatory authority.
Diesel Subsidies Reach EGP 150m Following Recent Hike
Diesel subsidies' cost reached around EGP 150m per day following the recent fuel price increase as every 1 litre of diesel is subsidised by EGP3.
SDX Energy to Produce 45mcf/d of Gas
SDX Energy is in talks with the Egyptian Natural Gas Holding Company (EGAS) to start gas production from the recent discovered well in South Disouq Concession by the fourth quarter of 2018.
Oil Sector Covers Gas Needs in Electricity Plants
The Egyptian oil and gas sector succeeded in covering the electricity power plants needs of natural gas and fuel to deal with the unprecedented high temperature in the last three days.
Orascom Signs Contract for New Power Plant in Assiut
Egyptian Orascom Construction Company signed a new contract to establish a 650MW steam turbine power plant worth $1m.
