News / Egypt
Scatec Solar to Pump $650m in Egypt’s Solar Projects
Norwegian Scatec Solar company seeks to pump $650m in renewable energy investments in Egypt to establish five solar energy projects with a capacity of 250 MW.
Electricity Ministry Seeks to Achieve 25% Energy Surplus
The Minister of Electricity and Renewable Energy, Mohamed Shaker, said that the energy sector seeks to achieve an electricity surplus of up to 25% in the coming summer period with high demand in order to avoid any blackouts.
Saudi Acwa Power Mulls $12b Energy Investment in Egypt
Saudi company Acwa Power intends to invest $12b in the Egyptian energy market over the next five years.
Israel to Unblock Leviathan Gas Exports to Egypt
Israel will soon submit a proposal to Noble Energy Inc. and Delek Group Ltd. in order to unblock stalled development of the Leviathan natural gas field and allow exports to Egypt and Turkey, country's Energy Minister, Yuval Steinitz, said.
Eni: Egypt’s Noras Field Reveals Large Gas Reserves
Italy's giant Eni has conducted two exploration expeditions in the Noras field in the shallow waters of the Nile Delta, and the Zohr field in the deep waters of the Mediterranean Sea, Eni's Chief Exploration Officer, Luca Bertelli, stated in a recent study.
Eni to Double Zohr Gas Production to 2bcf/d by 2019
The Italian company Eni has started linking the extracted gas from Zohr field to the national grid in order for production to reach 1bcf/d by 2018 and to double to 2bcf/d by the end 2019, said a senior official at the company.
Gulf States’ Fuel Supplies to Egypt Shrink Import Bill
In an statement to Egypt Oil&Gas, Ibrahim Zahran, an oil & gas expert, affirmed that the Gulf States supply of fuel maintained stability in Egypt’s domestic markets as it helped cut down 25% of its current import bill.
EGPC Official: Oil Price Rise Disfavorable to Energy Subsidies
An official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil&Gas that the rise in oil prices that would exceed $50 a barrel may pose a threat to energy subsidies as currently itemized in the new fiscal year budget of the country.
