News / Egypt
El Molla: Egypt’s Debt to Foreign Partners Not Exceeding $3b
Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the sector's debt to foreign partners has not exceeded $3b, and denied recently published rumors that country's indebtedness allegedly increased to $4b.
Oil Ministry Aims to Deliver Gas to Homes, Reducing Imports
Egypt's petroleum sector aims to deliver gas to 3.5m housing units by the end of 2019, a source at the Ministry of Petroleum told Egypt Oil & Gas, adding that this move would reduce Egypt's annual imports of butane gas.
Dana Gas Launches Zora Gas Field Production
Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.
Oil Minister Visits Alexandria Petrochemical Projects
Minister of Petroleum and Mineral Resources, Tarek El-Molla, has visited the petrochemical projects that are currently under implementation in Alexandria.
EGPC: Egypt Aims to Achieve Fuel Self-Sufficiency by 2020
The Egyptian General Petroleum Corporation's Vice Chairman stated that the petroleum sector had managed to meet all of the state and industrial needs of petroleum products last year and aims to achieve fuel self-sufficiency by 2020, exporting excess fuel.
National Bank of Egypt Receives $700m Loan from China
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
Egypt Secures Crude Refining Deal with Azerbaijan
The Egyptian government and Azerbaijan have reached an agreement on refining 500,000 barrels of crude oil per month in the Egyptian refineries and exchanging Egypt’s naphtha with petrol 95.
Siemens: 25% of Egypt’s Energy to Come from Solar Power by 2030
Egypt is expected to depend 25% on solar power by 2030, Siemens' President for Renewable Energy in Egypt and Head of Wind Power Middle East, Emad Ghaly, said.
