News / Egypt
Egypt to Receive $1.5b Loan from US Ex-Im Bank for PetroChem, Energy Projects
The Export-Import Bank of the United States (Ex-Im Bank) considers pumping loans of $1.5b to the Egyptian market for projects in petrochemicals, energy, and aviation sectors in the coming period.
EGPC Aims to Increase Refineries’ Capacity in 2017
The Egyptian General Petroleum Corporation (EGPC) aims to increase refineries capacity to reach 30m tons of crude oil in the second half of 2017.
Petroleum Minister Issues New Promotions
Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector.
Egypt to Sign $575m Loan Agreements with Japan, South Korea
Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575m to finance projects in energy and transportation.
Egypt Speeds up 300MW Solar Power Plant Project in Minya
Egypt's Prime Minister Sherif Ismail demanded completion of ongoing technical and financial studies for the 300 MW solar power plant in Minya as a prelude to signing the final agreement of the project.
Egypt Secures $17.7b in Funding from Japan
Egypt's President Abdel Fattah Al-Sisi held meetings with Japanese Prime Minister Shinzo Abe during his state visit to Tokyo in attempt to boost mutual cooperation in the energy, education and development sectors. The countries reached an agreement to provide almost $18b in Japanese funding to Egypt for multiple projects. Saudi Oil Supplies to Egypt to Increase in New Deal
Saudi Arabia is expected to provide Egypt's oil needs for a five-year period, which will increase the quantity of imported oil from 500,000 to 700,000 tons per year. Eni’s New Well in Nile Delta to Come Online in March 2016
The Italian multinational oil and gas company Eni has successfully drilled the Nidoco North 1X well, in the exploration prospect of Nooros East, located in the Abu Madi West license, in the Nile Delta.
