News / Egypt

Siemens to Boost Egyptian Power by 3,200MW

Siemens plans to boost the capacity of the Egyptian national electricity grid by 3,200MW through its Beni Suef plant, the New Administrative Capital plant, and Burullus power plants.

Egypt Pumped More Diesel to Local Markets

Egypt increased the diesel pumped to local markets from 38,000 tons to 40,000 tons

Agiba Petroleum Drilled Exploratory Well in Melieha

Agiba Petroleum has discovered a new well Melieha 101 in the Melieha Concession, located in Western Desert of Egypt.

Cairo Hosted OAPEC Meeting

The 97th Ministerial Meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) was held in Cairo on December 22.

Egypt Owes $1.35b to Shell

Egypt's Ministry of Petroleum owes $1.35b in outstanding dues to Royal Dutch Shell for equity production from Rashid and Burullus fields’ concessions.

Fichtner to Review FiT Phase II Agreements

The Egyptian Ministry of Electricity assigned German Fichtner to review the agreement of purchasing renewable energy from investors.

Shell Lubircants, Ghabbour Auto Renewed Partnership

Shell Lubricants Company renewed its partnership with Ghabbour Auto, thus shell will still be the main supplier of engine oils in the service centers of brands associated with Ghabbour Auto.

NKB Sues National Gas Egypt for Loan Repayment

National Bank of Kuwait (NBK) has sued both National Gas Egypt and the Egyptian Natural Gas Holding Company (EGAS) before the Economic Court for the delayed repayment of a EGP 75m loan.

TransGlobe’s Assets to Hit Oil Production Targets

Canadian TransGlobe Energy announced mid-quarter update on its Egyptian assets for the fourth and last quarter in 2016.

Europe Invested $650m In Power Plant Upgrades

Egyptian Minister of Investment, Dalia Khorshid, witnessed the signing of a loan with BNP Paribas worth $650m for the development of two power stations in Assuit and west Damietta.

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