News / Egypt
Dana Gas to Discuss $700m Debt Mix
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year. The company’s CEO, Patrick Allman-Ward, said that the firm has $344m in cash, is in discussions with lenders about its future debt mix.
Adenium to Secure 85% Funding for Aswan Solar Plant
The Adenium Energy coalition is close to sealing a deal with a British bank to fund 85% of the cost of a 50-MW solar power plant with feed-in tariff (FiT) contract in Aswan, southern Egypt. The deal in tails investments worth nearly $100m
Eversheds to Consult on Egypt-Emirate Power Company
Egypt's New and Renewable Energy Authority (NREA) enters into an agreement with UK's Eversheds Law Firm to be the legal consultant for the first Egyptian-Emirate energy producing company that will construct a 200 MW power facility in the Suez Gulf area.
Egypt’s Gas Outputs to Reach 6bcf/d by 2020
A recent report from Egyptian Natural Gas Holding Co (EGAS) stated that the Egyptian oil and gas sector is aiming to increase the country's production of natural gas gradually from 4bcf/d to reach 6bcf/d of gas by 2020.
El Molla Reviewed Agiba’s Fiscal Results
Egyptian Minister of Petroleum, Tarek El Molla, headed a general assembly of Agiba Petroleum Company to review fiscal results for 2015/2016.
Frames Awarded Design, Supply Contract for Zohr Field
ENPPI and Belayim Petroleum Company (Petrobel) have contracted Dutch company, Frames, to design and supply eight sour gas filter coalescers and eight shell and tube heat exchangers to be installed at the El-Gamil Plant which is connected with the ‘super giant’ natural gas field Zohr in Egypt.
Ministry of Petroleum Resolves Subsidy Debate
The Egyptian Ministry of Petroleum’s official spokesperson, Hamdy Abdel Aziz, said in a press release that there have been no final decisions in regards to lifting energy subsidies within three years.
Central Bank of Egypt Loans EGP 31b to National Banks
The Central Bank of Egypt (CBE) has provided a EGP 31b interest-free loan over 10 years to three major banks, including the National Bank of Egypt (NBE) getting EGP 5b, Banque Misr with EGP 16b, and Banque du Caire with EGP 10b. 
