News / Egypt
Egypt Saw 10% Rise in Fossil Fuel Usage
An official of the Egyptian Ministry of Petroleum said that the ministry has detected 10% increase in local usage of fossil fuel across all the governorates.
Oil Expert: IMF Loan is a Trap
'The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,' said Ibrahim Zahran, a petroleum expert, in an exclusive interview with Egypt Oil&Gas.
Solar Energy Investors In Dispute over Domestic Arbitration
The Egyptian Ministry of Electricity and Renewable Energy faces late disagreements with solar energy co-investors over domestic arbitration regarding renewable projects.
Descalzi: Eni Is Keeping Balance by Lowering Costs
In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.
Oil Ministry Held Progress Workshop
The Egyptian Minister of Petroleum, Tarek El Molla, presided over a ministry's workshop aimed at studying suitable methods to improve oil and gas sector in Egypt, formulate a vision and outline a plan for the coming period.
Edison, Total, BP Mull Buying 40% Stake in Zohr
Italian Edison, French Total, and British Petroleum (BP), have requested information about Zohr field as they ponder negotiations with Eni over a purchase of 40% of the company's stake in the Mediterranean Sea concession, offshore Egypt.
Electricity Ministry Ponders Siemens’ Renewable Energy Project
The Egyptian Ministry of Electricity and the New & Renewable Energy Authority are studying an offer proposed by the German energy company Siemens to produce 10,000 MW of renewable energy in Egypt by December 2016. Oil Minister Appointed New Heads of Three Petroleum Companies
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of three petroleum firms.
