News / Egypt
‘Egypt Petroleum Show 2017’ Promises Largest Industry Gathering
‘The Egypt Petroleum Show 2017’ held under the high patronage of the President, His Excellency Abdel Fattah El Sisi, and support of the Ministry of Petroleum and Mineral Resources promises to be the largest oil & gas industry gathering North Africa has ever seen taking place in Cairo from the 14-16 February at the Cairo International Convention Center.
Fuel Subsides to Reach EGP 64b
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation.
Van Ord Won Subsea Contract
Subsea 7 awarded Van Oord contracts to establish landfall and execute subsea rock installation works BP’s West Nile Delta project. This includes the development of gas fields located 65km from Egypt's North Coast.
China to invest in Waste-to-Energy Plants
China Electric Power Company submitted an offer to the Egyptian Ministry of Electricity and Renewable Energy to establish waste-to-energy power plants.
GE to Expand Services in Egypt
GE Oil & Gas has announced the expansion of its services facility in Egypt with the addition of 2,000sqm in the industrial free zone to reach a total of 5000sqm.
Egypt, Azerbaijan Signed MoU
The Egyptian Minister of Petroleum, Tarek El Molla, witness the signing of a memorandum of understanding (MoU) between the Egyptian General Petroleum Corporation (EGPC) and Azerbaijan's Socar Company.
Egypt Raised Pump Prices
The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country's economic reform program. The government has implemented the new prices upon announcing the change.
Egypt Devalued The EGP
Egypt has devalued its currency by 48%. The devaluation pegged the Egyptian pound at 13 to the dollar, up from nearly nine on the official market
