News / Egypt
Egypt to Revoke Gas Rate Cuts or Iron, Steel
The Egyptian Government backed from its decision to cut the gas prices for iron and steel factories from $7 per 1m British Thermal Units (BTU) to $4.5 per 1mBTU.
EGAS Awarded 2017 LNG Import Deals
The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts to Glencore, Trafigura, BB Energy, Gunvor and Vitol.
Eni to Sell More Stakes in Zohr
Italian Eni is currently in talks with various parties in order to cut its stake in Egypt's Zohr field to 50% operating interest instead of owning the entire stakes in the concession that includes Zohr.
EGPC to Announce Exploration Bid Results
The Egyptian General Petroleum Corporation (EGPC) will announce the foreign companies selected in the exploration tender the research and exploration of oil and natural gas in 11 areas.
Petrojet to Build Omani Gas Pipeline
Petrojet Company was awarded a $90m contract to construct a gas pipeline in the Sultanate of Oman.
Eosole Energy to Open Egyptian Branch
Spain's Eosol Energy will open a branch in Egypt as local law firm Maher Milad Iskander & Company has completed the incorporation process.
EGAS to Link 15,000 Households to Natural Gas
The Egyptian Natural Gas Holding Company (EGAS) plans to pump gas for 15,000 citizens in Edco City, with 10,000 getting gas during fiscal year 2016/2017 and the remaining 5000 consumers linked within fiscal year 2017/2018.
Damanhour Power Project Pushed to 2022/2027
The Egyptian Ministry of Electricity has decided to defer the Damanhour power plant project to its 2022/2027 five-year plan, and accordingly it will delay issuing related tenders.
