Egypt's Electricity Minister, Mohamed Shaker, met with Siemens executives to discuss the electricity grid master plan, which aims to strengthen and develop the electricity network in Egypt until 2025.
EETC is ready to sign power purchase agreements with renewable energy companies under the Feed-in Tariff (FiT) program as soon as they reach financial close.
Ganoub El Wadi Petroleum Company (Ganope) is in talks with five companies over collecting geophysical data in open areas in the company’s geographical scope at a value of $1b.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, attended the 20th international conference on Petroleum Mineral Resources and Development.
Sources at Egypt's Electricity Ministry said that the Egyptian Electricity Holding Company (EEHC) has completed 80% of the sheer annual maintenance of production units at the national level to cope with the loads expected to be in demand in the summer.
Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019.
Tarek El Molla met with delegations from several international oil companies, including US-based Halliburton, French Total and the French Institute of Petroleum, to discuss expanding investment scope in Egypt.