News / Egypt

Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost

The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.

Agiba Petroleum to Have a New Oil Discovery

Agiba has drilled new explanatory well Rosa N 1X in its Meleiha concession area in Western Desert. The new discovery will increase Egypt's oil reserves, especially after discovering an oil tank on a new layer in Ras El Qatara, that has not been reached before.

Schneider to Supply Electrical Equipment to Ain Sokhna Complex

France's Schneider Electric was contracted to supply and install all the electrical equipment of nine factories in the phosphate fertilizers complex in Ain Sokhna. Executive works were awarded to three contractors from China, Spain, and Italy.

Egyptian Cabinet Takes Over Natural Gas Regulator

The House of Representatives’ Energy Committee amended clauses of the Natural Gas Act placing the new gas market regulator under the jurisdiction of the Egyptian Cabinet instead of the Ministry of Petroleum and Mineral Resources.

El Molla Meets with the Head of EU Delegation to Cairo

Egyptian Minister of Petroleum, Tarek El Molla, received the Head of the European Union (EU) Delegation to Cairo, Ambassador Ivan Surkos, to review the cooperation between Egypt and the EU.

Sovereign Authorities Reject Petroleum Price Hike

A governmental official stated to Egypt Oil&Gas that sovereign authorities are strongly rejecting the raise in prices of petroleum products during the current fiscal year 2016/2017.

XD-EGEMAC to Establish Transformer Station in Hurghada

Egypt awarded the XD-EGEMAC Alliance a tender to establish a transformed station in North Hurghada.

Shell to Increase Gas Production from Egypt

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell Country Chairman, Gasser Hanter, to discuss the company's plans for Egypt.

El Molla Reviewed Production Plans and Projects

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla reviewed the plans to increase crude oil and natural gas local production and assured that Aramco cargos are to proceed.

Egypt Air Dues to Petroleum Sector Increase

Egypt Air's arrears for the Egyptian oil and gas sector increased to be EGP 8.2b in March 2017.

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