News / Egypt
Egypt to Develop Solar Plant in Sahl Hasheesh
Egypt's Karm Solar Company is about to finalize the financial closure for a EGP 17m solar power plant with a production capacity of 2 MW, located in Sahl Hasheesh approximately 18km south of Hurghada.
Egypt’s Daily Decline in Gas Fields Reduced by 55%
The daily decline in the maturity of Egyptian gas fields decreased from 100mcf/d to 45mcf/d for the first time since 2012, as fields recently connected to the national gas grid are new discoveries that have high production rates
Egypt to Enhance Oil Pipelines, Refineries
Egypt is working on improving operations along the national pipeline grid for oil and petroleum derivatives that extends 5720km in length. El Molla added that Egypt is also focusing its petroleum efforts on new refining projects in the Suez Area.
Egypt to Sign Maritime Demarcation Agreements
After the late agreement with Cyprus, Egypt will sign a maritime demarcation agreement with Greece which paves the way for future cooperation between Egypt, Cyprus, Greece and Israel.
US firm to Invest $30m in Egyptian Power Improvement
The US firm, Recovered Energy Company, made an offer to the Egyptian Ministry of Electricity and Renewable Energy that aims to improve effectiveness of production units in 6th of October power plant, with investments estimated at $30m
Egypt’s First Solar Plant to Start Operations
Egypt's Karm Solar will start operations in its first solar power plant by late September, producing 1 MW of energy to be sold to an Egyptian beverage and yogurt company, Juhayna.
Power Plants Consume 3.7bcf/d of Gas
During the last week of August, gas consumption of electricity power plants in Egypt has recently decreased from 4bcf/d to 3.7cf/d, as temperatures started to decline.
Eni Confirmed 30tcf Gas Reserves at Zohr
Italian Eni stated that Zohr field's original gas in place is 30tcf, after completing the drilling of the fifth well offshore Egypt.
