News / Egypt
Egypt Saved 8,000MW of Power in 2016
Egypt had an extra 8,000MW in power reserves at the end of 2016.
EGPC Hedged USD on Weekly Basis
International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC).
Sino Tharwa Participated in Rig Rentals Tender
Egypt's Sino Tharwa bid in the tender that was launched by Saudi Arabian American Oil Company (ARAMCO) to rent out three drilling rigs.
Bapetco Produces 500mcf/d of Gas
Badr El Din Petroleum (Bapetco)'s CEO, Emad Hamdy, stated that the company's production has reached an estimated 500mcf/d of natural gas.
El Molla Reviewed 2017/2018 Plans
Egyptian Minister of Petroleum chaired general assemblies for Suez Oil Processing Company (SOPC) and Nasr Petroleum Company
Egypt to Invest $17m in Gas Developments
The Egyptian Ministry of Petroleum and Mineral Resources will execute 11 development projects for $17.5m
Enppi, AMOC to Go Public
Engineering for the Petroleum & Process Industries (Enppi) and Alexandria Mineral Oils Company (AMOC) will launch an initial public offering (IPO) during 2017.
Egypt, Cyprus Talked Hydrocarbon
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Head of the Cypriot Ministry of Hydrocarbon Energy Activities, Stelios Nakulides.
