News / Egypt
Ethydco Produced Ethylene
Ethydco complex has successfully produced and supplied ethylene and derivatives to the local market and exported excess following the technology of global Univision Company.
Egypt Delayed Power Project Bid Closing
The Egyptian Electricity Transmission Company (EETC) delayed receiving bids for Switchyard Electricity projects tender Cairo Electricity Production Company and Upper-Egypt Electricity Production Company (UEEPC) until mid December.
Egypt Expanded in Renewable Energy
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the Egyptian electricity sector launched 3 new renewable energy tenders under the build, own, and operate (BOO) system.
Egypt, Belarus Talked Oil, Gas Relations
The Egyptian Minister of Petroleum and Mineral Resources met with Belarusian Ambassador to Egypt to discuss possible cooperation between the two countries in the fields of petroleum and minerals.
EGAS to Evaluate Gas Projects
The Egyptian Gas Holding Company (EGAS) started reassessing the gas projects that will be linked to national grid until the end of 2017.
Egypt to Pay EGP 60b in Power Subsidies
The cost of Egypt's power subsidy has increased from EGP 30b to EGP 60b for the current fiscal year 2016/2017.
IOCs to Expedite E&P in Egypt
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that international oil companies (IOCs) have agreed to speed up development of new discoveries.
IMF Approved Egypt’s $12b Loan
The International Monitory Fund (IMF) approved a 3-year $12b loan to Egypt on the November 11.
