News / Egypt
Moody’s Affirms Egypt’s B3 Rating
Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position, and continued security concerns.
Oil Minister Changes Management of Mineral Resources Firms
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of mineral resources firms, according to a press release.
Egypt to Consider International Arbitration in FiT Agreements
The Egyptian Ministry of Electricity and Renewable Energy is considering international arbitration in the second phase of Feed-in Tariff (FiT) program for renewable energy.
Development of New Capital Power Plant is 30% Complete
Cairo Electricity Production's CEO, Mohamed Mokhtar, stated that progress is underway on the Egyptian New Capital's power plant, estimated to cost $2b in investments, with 30% of the project completed.
BP to Produce Northern Alexandria Gas in 2017
British Petroleum (BP) is aiming to start the first development phase of the northern Alexandria concession and west Mediterranean deep water concession by the first quarter of 2017, with a production capacity of 450mcf/d of gas.
Egypt, Uganda Talk Energy Cooperation
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with his Ugandan counterpart to discuss bilateral cooperation between the two countries.
YASREF Appoints Ennpi to Design Exportation Facility
Yanbu Aramco Sinopec Refining (YASREF) assigned Ennpi to completed design work associated with a project aiming to facilitate the exportation of refined fuels to Saudi Arabia's Aramco. El Molla Met with Egyptian Ambassadors
he Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Egypt's upcoming ambassadors to several countries to discuss their role in attracting foreign investment in the oil and gas sector. 
