News / Egypt
GANOPE to Sign MoU with NREA
GANOPE Chairman Abu Bakr Ibrahim told Egypt Oil & Gas that efforts were underway to exploit non-conventional energy sources and promote the use of renewable energy.
EGPC to Take New Measures for the Transportation, Storage of Fuel
Mohammed Taher, EGPC Vice Chairman for Petroleum Projects and Planning, said that EGPC is taking new measures for the storage and transport of petroleum products within the provinces to prevent jams in front of fuel stations, reported Egypt Oil & Gas.
Gas Regulatory Authority to Launch 2016
During a press conference in South Sinai, Minister of Petroleum and Mineral Resources, Tarek El Molla, said that a new gas market regulation authority will be launched by the middle of 2016, concerned only with regulating the pricing of gas trading services and not the prices of gas itself, Daily News Egypt Reports.
World Bank Loan Diverted in Part to Pay Foreign Dues
Tarek El-Molla, Minister of Petroleum and Mineral Resources, confirmed that his Ministry planned to attract $8.5b worth of new foreign investments into the Egyptian petroleum sector during the current fiscal year, reported Egypt Oil & Gas. El Molla: No Truth to IOCs Decreasing Exploration
Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that the rumors about international oil companies (IOCs) halting exploration expenditures because of indebtedness and low oil prices is completely untrue. Proof positive of this was the fact that foreign companies had not stopped work when the sum owed them was $6.3b, Egypt Oil & Gas reports.
CAPMAS: Petroleum Exports Drop by 38%, Imports Increase by 4.7%
Exports of petroleum products have notably declined in August, dropping by 38% to reach $310.2m in comparison to $500.6m during the corresponding period last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt’s Nuclear Reactor to Produce Power by 2024
Egypt is due to start producing power from its first of four nuclear reactors by 2024, the country's Prime Minister announced, Reuters reports.
Egypt to Import Gas From Leviathan
Delek Group announced in a press release the signing of a Letter of Intent to export natural gas from the Leviathan Project to Egyptian consumers.
