News / Egypt
Rosatom Started Construction at Dabaa Nuclear Plant
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that Russia's Rosatom has started construction on the Dabaa nuclear power plant.
Egypt Spent EGP 51b on Fuel Subsidies
Egypt's fuel subsidies decreased during fiscal year 2015/2016 by 28.7% from the year before, to reach EGP 51b.
Egypt Agreed on Funding for FiT’s Phase II
Banks and international financial institutions have agreed to fund projects in phase II of Egypt's Feed-in-Tariff (FiT) program after meeting the Egyptian Minister of Electricity, Mohamed Shaker.
El Molla Signed 3 New Petroleum Exploration Deals
Egypt signed 3 new petroleum agreements with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK's BP. The deals are worth $595m and are for the exploration and production of natural gas and oil.
El Molla Chaired EGPC’s Board Meeting
Egyptian Minister of Petroleum, Tarek El Molla, chaired the Egyptian General Petroleum Corporation (EGPC) board meeting.
Oil Firms Seek EGP 1.25b Loan from NBE
State-owned Misr Petroleum Company and Petroleum Cooperative Society Company seek to have an EGP 1.25b loan from the National Bank of Egypt
AFREXIMBANK Invested $75m in Egypt’s Petchem Sector
The African Export-Import Bank (AFREXIMBANK) has granted a $75m loan to Egyptian Ethylene and Derivatives Company (ETHYDCO), in an effort to support Egypt’s petrochemical industry to increase exports and supplement the natural gas sector.
El Molla Reviewed AMOC Fiscal Results
Minister of Petroleum, Tarek EL Molla, attended general assembly of AMOC to review the company's fiscal results for year 2015/2016
