News / Egypt
Kuwait Energy Seeks $100m for Egyptian Fields
Kuwait Energy Oil and Gas Exploration Company is currently planning to finalize a reserve-based lending (RBL) loan facility of up to $100m to fund Egypt's Abu Sennan, Area A, Burg El Arab and East Ras Qattara fields.
Egypt’s Fuel Consumption Dropped by 9%
Egypt's fuel imports bill reduced by 9% due to decrease consumption of power plants, vehicles, and demand in general during the winter months when compared to the warmer summer season.
Egypt to Keep FiT Solar Rates As-Is
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the ministry will not reprice its contracts with the renewable energy companies under the energy purchasing feed-in tariff (FiT) program.
Egyptian Parliament to Discuss New Gas Law
The Energy Committee at the Parliament will start holding discussions on the new Gas Regulatory Law in mid December.
Ganope Extended Its Exploration Tender
Ganoub El Wadi Petroleum Holding Company (Ganope) announced the extension of the closing date of its international bid round for 2016 on 10 Blocks.
FiT Investors to Bear Increased Construction Costs
The Egyptian Ministry of Electricity aims to increase costs sharing percentages associated with solar energy Feed-in-Tariff (FiT) by 30% after EGP devaluation.
Egypt Pushed Back Power Projects
The Egyptian government decided to postpone negotiations on five power projects for which it had signed memorandum of understandings (MoU) in Sharm El Sheikh in March 2015.
APEX Awarded First Blocks in Egypt
Apex International Energy has been awarded its first blocks in Egypt for a minimum investment in two concessions of $27.4m in first exploration phase.
