News / Egypt
Egypt, Russia to Finalize Dabaa Deal in 2016
Egyptian President, Abdel Fattah El Sisi, stated that final contracts for the Dabaa Nuclear Plant will be signed with Russia before the end of 2016, explaining that ongoing discussions are focused on the fine print.
Egypt’s Parliament Approves Loan Agreements
The Egyptian House of Representatives approved three funding agreement for various energy projects, with a combined value of $942m.
El Sisi: Egypt to End Its FX Exchange Problem
Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the economy, while the UAE offer a $1b deposit to the Central Bank of Egypt.
EGAS Resumes Gas to Fertilizer Firms
The Egyptian Natural Gas Holding Co (EGAS) resumed pumping 90mcf/d gas to Misr Fertilizers Production Company’s (MOPCO) and Alexandria Fertilizers factory after regular maintenance work was completed.
Sharm El Sheikh’s Gas Plant Slated for Construction
South Sinai Governor, Khlaed Fouda, announced that the a 5,000m plot of land has been assigned to the National Petroleum Company (NPC), for the construction of a natural gas plant in Al Salam City, Sharm El Sheikh.
El Molla: Egypt To Increase Oil,Gas Production
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated in a press release that Egypt is focusing on increasing the country’s strategic reserves and production in the oil and gas sector.
Investment, Electricity Ministers Talk FiT Challenges
The Egyptian Minister of Investment, Dalia Khorshed, met with the Minister of Electricity and Renewable Energy, Mohamed Shaker, to discuss how to reach a middle ground concerning the disputed terms of the second phase of Feed-in Tariff (FiT) program for renewable energy.
BESIX Orascom to Build $350m FSRU Pier in Ain Sukhna
Arab Petroleum Pipelines Company (SUMED) signed a contract with the Egyptian and Belgian consortium of BESIX-ORASCOM for the construction of a $350m pier and accompanying marine facilities in Ain Sukhna, in eastern Egypt. The project is set to include bunkering infrastructure for both conventional and Liquefied Natural Gas (LNG) bunkers.
