News / Egypt
TransGlobe’s Assets to Hit Oil Production Targets
Canadian TransGlobe Energy announced mid-quarter update on its Egyptian assets for the fourth and last quarter in 2016.
Europe Invested $650m In Power Plant Upgrades
Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.
World Bank Approved Egypt’s $1b Loan Tranche
The World Bank's Board of Executive Directors approved the release of the second $1b tranche of the $3b loan aiming to fund Egypt's economic reform program.
Egypt to Negotiate Smart Meter Bids
The Egyptian Ministry of Electricity and Renewable Resources completed reviewing bids from seven companies that submitted tenders to supply 250,000 smart electricity meters.
Egypt to Host OAPEC Conference
Cairo will host the Organization of Arab Petroleum Exporting Countries (OAPEC) ministerial meeting
Abu Qir Petroleum Installed New Gas Compressor
Abu Qir Petroleum Company installed a new gas compressor with a capacity of 350mcf/d.
EETC Extended Bid Deadline for Solar Plant
The Egyptian Electricity Transmission Company (EETC) extended the decline for receiving bids for the development of a 200MW solar plant in west of the Nile. Bidders can submit their bids until mid 2017.
Orascom Seeks $50m to Fund Solar Plant
Orascom Construction is in negotiations with three international financing institutions over borrowing $50m to fund a 50MW solar power plant in Benban, Aswan.
