News / Egypt
Investment for BP’s Atoll Gas Project in Egypt Estimated at $945m
According to a report by Global Data, Egypt's Atoll gas discovery is of national significance for the county as it is expected to reduce the country's gas deficit with a required investment of $945m estimated for the development of the first phase of the project.
Eni Aims at Launching Gas Production at Egypt’s Zohr by End 2017
Italy's Eni is focused on starting production at its giant offshore Zohr gas field in Egypt by the end of 2017, the company's CEO, Claudio Descalzi, said at an International Energy Agency event in Paris.
Russian Rosatom to Train Egyptian Students in Nuclear Energy
The Russian atomic energy corporation, Rosatom, has agreed with Egypt's Alexandria University to offer training sessions to Egyptian students at Russian institutes.
EETC Receives Six Land Allocation Calls for Solar Power Plants
The Electricity Transmission Company (EETC) received six land allocation requests from companies that qualified for the New and Renewable Energy Authority’s (NREA) feed-in tariff project to construct solar power plant stations.
EGAS Resumes 90% Gas Supply to Fertilizer Plants
The Egyptian Natural Gas Holding Company (EGAS) resumed providing gas to all fertilizer plants at about 90% of the contracted amount, estimated at 600mcf/d.
Egypt Considered Prone to Sign IMF Loan
Egypt may sign a five-year loan deal with the International Monetary Fund (IMF) during the IMF and World Bank biannual meetings in mid April.
IMF Expects Egypt to See 3.3% Growth Decline in 2016
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) reports predicted a 3.1% growth in emerging markets in the next two years, compared to 2.5% in 2015, with Egypt expected to see a growth decline. BP to Establish Natural Gas Processing Plant with 77bcf/d Capacity
British Petroleum (BP) has started preparing the land allocated to establishing a natural gas processing plant in Rosetta (Rashid) city, with a capacity ranging from 600 to 700mcf/d.
