News / Egypt
Egypt Produced 4.5bcf/d of Gas
Egypt's natural gas production increased from 4.45bcf/d in November 2016 to 4.5bcf/d.
Sino Tharwa Bids Over a Rig in Algeria
Sino Tharwa Drilling Company had entered a bid in Algeria, through Italian ENI, over renting rig (ST-16) with a capacity of 200 HP.
Ministry of Electricity Asked for Extra Budget
The Egyptian Ministry of Electricity presented a memorandum to the Cabinet asking to increase allocations after the EGP devaluation.
NREA to Fast-Track Delayed FiT Projects
The New and Renewable Energy Authority (NREA) plans to finalize a number of energy purchasing Feed-in-Tariff (FiT) projects in the first quarter of 2017.
SDX, Merlon to Pay Contractors in EGP
Sea Dragon Energy (SDX) and Merlon International Oil Firms reached agreements with their suppliers and contractors in Egypt to repay them in EGP instead of USD.
Shell to Finalize EDCO’s Loan Repayment
Royal Dutch Shell will completely repay the second tranche of its $2b EDCO liquefaction plant loan by December 2017.
EETC Secured $209m for Transmission Facilities
A banking consortium headed by BNP Paribas signed a funding agreement with the Egyptian Electricity Transmission Company (EETC) for six new power transmission stations.
EGAS to Pump Gas to 700,000 Households
The Egyptian Natural Gas Holding Company (EGAS) plans to deliver natural gas to between 500,000 and 700,000 households within the second half of fiscal year 2016/2017. 
