News / Egypt
EETC Invited Firms to Bid on Transformer Stations
The Egyptian Electricity Transmission Company (EETC) invited six Egyptian and International companies to build four transformer stations with $250m in investments.
Edison Signed $86m Deal to Explore Oil, Gas in Egypt
Egypt signed an oil and gas agreement with Italy's Edison worth $86m to explore and produce oil and natural gas in the Mediterranean Sea.
Egypt to Spend EGP 11b on Power Maintenance
The Egyptian Ministry of Electricity allocated EGP 11b for operating power plant and running maintenance on production power plants as well as distribution network within the fiscal year 2016/2017.
Egypt to Produce 705,000b/d of Oil
Egypt will increase production of crude oil and condensates to reach 705,000b/d before the end of June 2017
EGPC Supplies 1m Butane Bottles Daily
The Egyptian General Petroleum Corporation (EGPC) supplies around 1m butane bottles per day during winter to cover local demands all over the country.
Merlon to Invest $54m in Fayoum Concession
US Merlon International Oil Company decided to invest $54m in the development and production operations at its Fayum concession in Egypt.
El Sisi Met with Eni’s CEO
Egyptian President, Abd El Fattah El Sisi, met with Eni's CEO, Claudio Descalzi, and discussed Zohr field's production
Egypt Reviewed Fuel Subsidy Budget Allocations
The Egyptian Ministry of Petroleum and Mineral Resources is reviewing fuel subsidy allocations for fiscal year 2016/2017 to decide on the amount it will be requested to increase the budget allocation.
