News / Egypt
Egypt: Fuel Prices Will Not Rise over IMF Loan
During negotiations with the IMF, the Egyptian government confirms that no changes will occur to current fuel prices and other reform efforts.
EGPC: Four Companies Eye Oil, Gas Bid Round for 11 Concessions
According to the Egyptian General Petroleum Corporation (EGPC), US companies Apache, and EOS Petro, Greek Aegean, and a Chilean firm eye exploration and production (E&P) bid rounds for 11 concessions in Egypt at the Gulf of Suez and in Eastern Desert.
Egypt Studies State-Owned Oil Companies for IPO
Minister of Petroleum Tarek El Molla told Reuters that the Egyptian Ministry of Investment is to study the suitability of listing eight state-owned oil companies on the Egyptian Stock Exchange or share issuance.
Egypt, France Sign $76.5m Gas-to-Homes Agreement
Egypt and France have signed a grant agreement worth $76.5m to be allocated to gas-to-homes projects, according to the Ministry of International Cooperation's official website.
Tahya Misr Fund Allocates EGP160m to Waste-to-Energy Projects
The Tahya Misr Fund was reported planning the first phase of the construction of three waste-to-energy factories worth EGP 160m by 2017, with a goal to complete the factories by 2018.
Oil Ministry: Egypt’s Oil&Gas Industry Is Stable
The Egyptian Ministry of Petroleum and Mineral Resources has assured that the oil and gas industry is currently stable despite decrease in global oil prices.
ECCE Mulls EGP 2b Investment in Solar Energy
The Egyptian energy company ECCE is to funnel investments worth EGP 2b towards the development of solar power plant and a factory for the production of solar cells.
Egypt Signs New Onshore Exploration Deals
Egypt signs explorations deals with Cypriot and US companies in hopes of increasing domestic product to meet local demand on natural gas.
