News / Egypt
Egypt to Set New Nuclear Construction Law
The Egyptian Parliament will discuss a new law of 19 articles to regulate nuclear plants construction in Egypt.
Egypt, Siemens Establish JV to Boost Oil Output
The Egyptian Electricity Holding and the Egyptian Maintenance Company for Petroleum Services will establish a joint venture with Germany's Siemens to increase oil production through boosting the number of generators and refining labs in the oilfields.
Scatec Solar to Invest $500m in Egypt
Egypt may receive Scatec Solar's $500m investment by October, and 40 solar power plants may be established by 2018 in Upper Egypt’s Benban village, in Aswan.
Banks Issued $6.34b Letters of Credit to Petroleum Imports
The Central Bank of Egypt (CBE) stated that the banks operating in the country issued letters of credit worth $6.34b for oil and gas imports during the period from January 2016 to December 2016.
Betchel Awarded Tahrir Petrochemicals Complex
Betchel Company was chosen to process work at the Tahrir Petrochemicals Complex located in Ain Sokhna.
GE to Increase Investments in Egypt
General Electrical plans to localize more of its manufacturing in Egypt and looks for another location to build a new facility, on top of the 5,000 square meters facility that is currently under construction.
EGAS Funded by 9 Banks
The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from nine Egyptian and Arab banks.
Egyptian Oil & Gas Taxes Estimated at EGP 44.17b
Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.
