News / Egypt
El Molla Reviews Fiscal Results of Gas Firms
During the fiscal year 2015/2016, Pharaonic Petroleum Company produced 400mcf/d gas and 460 bpd condensates and it plans to add reserves estimated between 200bcf to 500bcf of gas, in addition to adding new wells Haby-16 and Taurt-8.
Egypt, Denmark Cooperate on Wind Energy
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, met with the Danish Minister of Energy, Utilities and Climate, Lars Lilleholt, and Danish Vestas CEO, Anders Runevad, to discuss Egyptian-Danish cooperation in new and renewable energy field.
Eni Boosts Nooros Gas Production
Italian Eni aims to increase gas production from 3 wells in Nooros field by 180mcf/d in September 2016. A source from EGAS said that the $450m production enhancements of Nooros field will push gas outputs to 700mcf/d by the end of 2016. Current production rates stand at over 350mcf/d in addition to 3,000b/d of condensates.
Egypt, China Collaborate on PV Facility
The Egyptian Minister of Military Production, Mohamed Saeed Al Asaar, witnessed the signing of Memorandum of Understanding (MoU), between the ministry, China Electronics Technology Group Corporation (CETC), and Al Fath Group to construct a solar panel factory.
BP Boosts Gas Production in Egypt
UK's British Petroleum (BP) aims to boost their gas production in Egypt through enhancements of their concessions in the country in Taurt, Northern Alexandria, West Mediterranean, and Ras Al Bar gas fields.
Ministry of Electricity Persists on FiT Terms
The Egyptian Minister of Electricity, Mohamed Shaker, maintained his position regarding funding and arbitration of solar projects.
EGAS: No Increase in Household Gas Bills
A source from the Egyptian Natural Gas Holding Co (EGAS) stated that the company has no intentions to increase selling prices of natural gas consumed domestically or commercially.
Egypt, Russia to Finalize Dabaa Deal in 2016
Egyptian President, Abdel Fattah El Sisi, stated that final contracts for the Dabaa Nuclear Plant will be signed with Russia before the end of 2016, explaining that ongoing discussions are focused on the fine print.
