News / Egypt
El Molla Urged Oil, Gas Firms to Boost Productivity
El Molla emphasized the importance of improving oil and gas companies in order to increase their productivity to cover local demand of petroleum derivatives specially butane, diesel and benzine.
Eni, BP Drilled 2nd Well in South Baltim
Eni and BP finished drilling the second well in South Baltim to produce 350mcf/d of gas.
Misr Iran Bank to Fund Energy Authorities
Egypt's Misr Iran Bank will fund EGP 200m to two government authorities, the Ministry of Electricity and Renewable Energy and the Ministry of Petroleum and Mineral Resources, with each getting EGP 100m in funding.
Egypt to Become Regional Energy Hub
A source from the Egyptian Ministry of Petroleum and Mineral Resources stated that the county aims to increase imports of liquefied natural gas (LNG) and local gas production in a push to turn Egypt into a global energy market by leverage the country's gas process and distribution infrastructure.
Egypt Nullified 6 MoUs for Coal-Fired Power
A source from the Egyptian Ministry of Electricity and Renewable Energy stated that the ministry might consider nullifying memorandums of understanding (MoU) for 6 coal-fired electricity plants. He added that the ministry will issue new tenders for the projects, to guarantee that the Egyptian government obtains the best financial offerings.
El Sisi Talked Energy during G20 Summit
During the G20 Summit in China, the Egyptian President, Abdel Fattah El Sisi, gave a speech with a special reflection on the country's energy sector. El Sisi stated that enhancing cooperation in the energy field is vital due to the ongoing changes in global markets.
Misr Petroleum Pumped Fuel Supplies by 25%
Misr Petroleum's CEO, Mohamed Shaaban, stated that the company is increasing fuel and diesel pumping to its 1288 petrol stations by more than 25% of petroleum derivatives to cover growing demand.
Egypt to Develop Solar Plant in Sahl Hasheesh
Egypt's Karm Solar Company is about to finalize the financial closure for a EGP 17m solar power plant with a production capacity of 2 MW, located in Sahl Hasheesh approximately 18km south of Hurghada.
