News / Egypt
GE Completes Upgrading Nubaria Power Plant
GE Power has announced that it has completed upgrading two GE 9FA gas turbines at the Middle Delta Electricity Production Company’s (MDEPC) Nubaria power plant, located in Beheira, Egypt.
Egypt Negotiates LNG Imports
The Egyptian government is in negotiations with the states, that are involved in a joint-cooperation agreement with Egypt and own LNG companies, to supply Egypt’s LNG requirements for two years.
Egypt Inks Exploration Agreements with Mediterra, IPR
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed two agreements that grant Cyprus’ subsidiary Mediterra and US IPR oil and gas company exploration rights in Upper Egypt.
Egypt’s United Bank Considers Renewables Investments
Egypt’s state-run United Bank is studying plans to contribute with $112.6m to upcoming syndicated loans, announced the bank’s Chairman, Ashraf El Kady.
Oil Minister Visited Petrochem Factories in Alexandria
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, visited the petrochemicals projects in Alexandria governorate to follow up on the performance rate of the new projects and expansion plans.
Italy’s Enel to Exit Egypt’s Renewable Energy Market
Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.
Ministry of Petroleum to Expand Midor’s Refineries in 2019
The Egyptian Ministry of Petroleum and Mineral Resources seeks to invest $1.6b in a project that aims to expand the refining facilities of the Middle East Oil Refinery (Midor) in order to meet the domestic demand of petroleum products.
Eight Energy Firms Apply for Offshore Gas Drilling Rights in Cyprus
Eight energy companies have submitted six applications for winning exploratory drilling rights in blocks six, eight, and ten in Cyprus’ Exclusive Economic Zone (EEZ).
