News / Egypt
Egypt SuMed Pipeline Yet to Accept Iran Oil After Sanctions
Crude oil producers in Egypt and Gulf States have yet to let Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region.
Egypt’s EGAS Makes First Payments to LNG Suppliers in 2016
Egyptian Natural Gas Holding Company (EGAS) has made its first payments to suppliers of liquefied natural gas (LNG) since the payment terms for deliveries were extended in December.
AMIC Establishes Subsidiary to Produce Renewable Energy
The Arab Moltaqa Investments Company (AMIC) has established a new subsidiary - the United Company for Investments and Real Estate Developments to produce renewable energy from organic waste.
Egypt to Get $3b Financial Package from South Korea
South Korea will provide Egypt with a financial package worth $3b for export credits and to develop infrastructure in the energy, water resources, and transport sectors, the Egyptian presidency announced.
Ethydco Completes $1.9b Petrochemicals Complex
The Chairman of Egyptian Ethylene and Derivatives Company (Ethydco), Abd El-Rahman Zeid, announced that the company has completed 97.2% of its petrochemicals complex with a total investment cost estimated at $1.9b.
Egypt in Negotiations with Russia on LNG Shipment
The Egyptian government is currently in negotiations with Russia to open new international bids for shipments of liquefied natural gas.
El Molla: Egypt’s Debt to Foreign Partners Not Exceeding $3b
Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the sector's debt to foreign partners has not exceeded $3b, and denied recently published rumors that country's indebtedness allegedly increased to $4b.
Oil Ministry Aims to Deliver Gas to Homes, Reducing Imports
Egypt's petroleum sector aims to deliver gas to 3.5m housing units by the end of 2019, a source at the Ministry of Petroleum told Egypt Oil & Gas, adding that this move would reduce Egypt's annual imports of butane gas.
