News / Egypt
Oil Minister Reviewed SCADA System Project
Tarek El Molla, Minister of Petroleum and Mineral Resources, has reviewed the project concerned with the expansion and development of the SCADA system at the National Advanced Control Center (NATA), according to a Ministry's press release.
Oil Minister, Italian Edison Discuss Development of Abu Qir Field
Tarek El Molla, Minister of Petroleum and Mineral Resources, met with Marc Benayoun, Chief Executive of Edison International Group and President of the Board of Directors, to discuss the development of the second phase of Abu Qir gas production field in its concession areas in the Mediterranean. Petroleum Minister Issues New Promotions
Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector with a goal to enhance performance in line with the current requirements of the industry.
Egypt to Reduce Fuel Subsidies by 43% in 2016/2017 FY
Egypt will reduce spending on fuel subsidies by nearly 43% in the 2016/17 budget due mainly to lower global energy costs.
EGAS, MEDREG Discuss Gas Sector Reform
The association of Mediterranean Energy Regulators (MEDREG) stated it was committed to supporting the development of competitive and transparent gas market in Egypt as the country has been facing major challenges, and long term solutions for the gas sector reform are to be implemented.
Egypt, Saudi Arabia Sign 17 Cooperation Agreements
Saudi Arabia and Egypt have signed 17 cooperation agreements, memoranda of understanding and executive programs covering a wide range of fields including electricity, energy, nuclear, and trade.
Egypt Kuwait Holding Invests $650m in North Sinai Offshore Concession
Egypt Kuwait Holding is investing $650m over the next five years to increase gas production from the Offshore North Sinai concession.
British Firm to Seize 49% Stake in Cairo Solar Company
An unidentified British company is to seize a 49% stake in Egypt's Cairo Solar company worth EGP 180m to develop solar energy projects in Upper Egypt.
