News / Egypt
Saudi to Secure Egypt’s Fuel Needs for Next 3 Months
Egypt and Saudi Arabia have reached a deal to supply Egypt with a monthly 800,000 tons of petroleum products for three months starting from February 2016.
Sisi: Construction of Nuclear Plant to Begin in a Few Weeks
Egyptian President Abdel Fattah El Sisi announced that construction of the country's nuclear power plant will begin in a few week.
Ministry of Electricity to Sign $8b Worth of Deals with Japan
The Ministry of Electricity and Renewable Energy plans to sign four memorandums of understanding (MOU), and three loans with Japanese companies during President Abdel Fattah Al-Sisi's visit to Tokyo this month.
EGAS Decreases Gas Imports by 7%
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January.
EBRD’s Investments in Egypt Hit $2b
The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on energy, industrial, transport, and infrastructure sectors.
El Molla Meets with Heads of 40 Companies
Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with the heads of 40 joint venture companies to discuss different methods of boosting oil and gas production in Egypt, reported Egypt Oil & Gas.
Egypt to Launch Tender for Solar Projects in Benban Area
In a few days the Egyptian government will launch a tender for services needed for solar energy projects in Benban area. Services needed include security, technical, and administrative services.
All Fertilizer and Cement Companies to Shift to Coal
The Ministerial Economic Committee has agreed to broaden the use of coal as an alternative fuel for natural gas in all fertilizer and cement factories. The decision is expected to be gradually applied, as appropriate storage to accommodate the needed amount of coal venues have not been set, a source at the ministry of petroleum told Egypt Oil & Gas.
