News / Egypt
El Molla Reviewed Petrobel’s Nedoco Progress
Belayim Petroleum Company (Petrobel) finished testing its new wells Nedoco South West7 and Nedoco West 3. In addition, the company added Nedoco South West 2 to the national grid early November, with a capacity of 85mcf/d of gas.
Egypt to Issue Financial Guarantee for Wind Farm
The Egyptian Ministry of Finance approved issuing a financial guarantee for a new 250MW wind farm in the Gulf of Suez to be granted to a venture between Toyota, Orascom and GD France.
Egypt to Establish 4 New Electricity Firms
The Egyptian Electricity Holding Company's (EEHC) General Assembly approved establishing four companies with a total capital of EGP 180b.
Third FSRU Delayed until Further Notice
The Egyptian Minister of Petroleum, Tarek El Molla, announced the postponement of the third floating and storage regasification unit (FSRU) with a capacity of 750mcf/d of liquefied gas.
Shell Hosted Its Annual Technology Leadership Conference
Hundreds of Egypt’s top companies, academic institutions and entrepreneurs partnered with Shell Lubricants Egypt and energy experts to explore global sustainability innovations at the fifth annual Shell Technology Leadership Conference (STLC).
Egypt Seeks $30b in Oil, Gas Investments
Egypt seeks $30b in foreign investments within the next three years.
Egypt’s Refineries Are Operating at 79% Capacity
The Egyptian Minister of Petroleum, Tarek El Molla, stated that the ministry estimated the unused capacity of Egyptian refineries at 6.7mt/y of crude oil.
Siemens Added 400MW to Egypt’s Power Grid
German Siemens started running first production unit at its Beni Suef power plant with capacity of 400MW.
