News / Egypt
Electricity Ministry Requests Greater Financial Support to Pay EGPC
The Ministry of Electricity has sent an official letter to the Ministry of Finance requesting an extra EGP500m per month to be able to better pay its debts to the EGPC.
Jordan Gas Deliveries to Egypt Disrupted by Weather
Jordan's National Electric Power Company (NEPCO) has informed EGAS that is cannot meet its agreed upon delivery of gas due to the disruption of its LNG facilities because of weather.
Egypt Expanding LNG and Fuel Trading Infrastructure
Oil Minister, Tarek El-Molla announced an expansion of Egypt's LNG and Fuel Oil trading infrastructure.
Egypt to Reduce Oil Product Subsidies to 30% by 2020
Egypt plans to reduce oil product subsidies to 30% over the next five years, pulling back plans to eliminate subsidies completely in that time.
Former EGAS Chairman: ICC Lacks Jurisdiction in Israel Dispute
Egypt’s appeal over the dispute with Israeli companies over stopped gas shipments will be based on a lack of jurisdiction by the ICC, according to former EGAS Chairman, Mohamed Shoeb.
Ganope to Generate Power from Geothermal Energy
Abu Bakr Ibrahim, Chairman of Ganope, told Egypt Oil & Gas that a memorandum of understanding (MoU) has been signed by Ganope, as a representative of Petroleum Ministry and New and Renewal Energy Authority (NREA) for the exploitation of the earth’s natural underground temperature for the production of renewable energy.
Tarek El Molla Meets with Bechtel’s Regional Head
Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed Egypt’s ongoing and future projects with David Welch, Bechtel’s President of the Europe, Africa, and Middle East region, according to a press release issued today. This covered oil, gas and petrochemicals and Bechtel’s ability to participate in their execution and other investment opportunities in Egypt.
10 Thousand Petrotrade Workers on Strike
10 thousand workers at Petrotrade are on their 6th consecutive day of a wage increase strike. The strike is witnessed at the Giza, Cairo, Assuit, El Haram, Nasr City, and Masr El Gdida branches, Egypt Oil & Gas reports.
