News / Egypt
Egypt to Reduce Gas Prices for Steel Industry
The Egyptian Cabinethas authorized the application of reduced gas prices for the sector as of October, instead of September.
Egypt Received Oil Cargos
Egypt has received oil cargos, after Saudi Aramco informed that it will not be able to provide October's 700,000t shipment.
Egypt Owes $3.6b in Oil Arrears
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt's debt towards international oil and gas companies (IOC) increased from $3.2b to $3.58b as of the end of September.
EU to Fund Egypt with $142m
EU’s Head of the European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, will sign a $142.17m funding package to support social and economic reforms in Egypt.
East-Med Trilateral Summit Held in Cairo
Cypriot President Nicos Anastasiades and a Greek ministerial delegation, headed by Prime Minister Alexis Tsipras, have arrived in Cairo take part in a tripartite summit with leaders from Greece and Egypt on mutual cooperation between the three countries.
Egypt Paid EGP 300,000 for Rooftop Solar Power
North Cairo Electricity Distribution Company will issue cheques amounting to EGP 300,000 for 15 entities contributing in the government's initiative to buy solar power from small plants atop buildings.
Local Firms Sue EGAS for Price Hikes
Delta Company for Fertilizers and Chemical Industries and Delta Steel filed lawsuits against the Egyptian Natural Gas Holding Co (EGAS) for increasing gas prices from $3 per 1m thermal units to $4.5.
Kuwait Waived $1.2b Claim Against Egypt
Bawabet Al Kuwait Holding Company officially waived it's claim against the Egyptian government in regarding gas supplies to AlexFert.
