News / Egypt
El Molla Chairs Enppi General Assembly
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, pointed out the importance of training the technical staff working in the oil and gas industry.
Zohr Field to Start Gas Production by End 2017
Russia'a Rosneft stated that gas production in Zohr field will start by the end of 2017. Zohr is considered to be the hugest natural gas field ever found in the Mediterranean Sea as it has estimated 850bcm of gas.
EIB to Fund Gulf of Suez Wind Farm
Egypt signed a funding contract with European Investment Bank (EIB) to finance wind farm in the Gulf of Suez.
El Molla Met with Edison CEO over Energy Development Talks
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Italian Edison Group's CEO, Marc Benayoun, in Italy. Egypt to Repay Half IOCs Arrears
Egypt will repay half of its dues to international oil company during 2017.
EGPC in Talks to Borrow EGP 10b
The Egyptian General Petroleum Corporation (EGPC) is in talks to borrow an amount of EGP 10b from a CIB-led alliance. El Molla: “2020 is the year for Egypt to Export Gas”
Egyptian Minister of Petroleum and Mineral Resources stated that by 2020 Egypt will have gas surplus enough for exportation.
Egypt Allocated $440m for Renewables
New and Renewable Energy Authority (NREA) allocated around $440m for renewable energy projects in fiscal year 2017/2018 compared to $220m in 2016/2017.
