News / Egypt
EGPC: Egypt Aims to Achieve Fuel Self-Sufficiency by 2020
The Egyptian General Petroleum Corporation's Vice Chairman stated that the petroleum sector had managed to meet all of the state and industrial needs of petroleum products last year and aims to achieve fuel self-sufficiency by 2020, exporting excess fuel.
National Bank of Egypt Receives $700m Loan from China
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
Egypt Secures Crude Refining Deal with Azerbaijan
The Egyptian government and Azerbaijan have reached an agreement on refining 500,000 barrels of crude oil per month in the Egyptian refineries and exchanging Egypt’s naphtha with petrol 95.
Siemens: 25% of Egypt’s Energy to Come from Solar Power by 2030
Egypt is expected to depend 25% on solar power by 2030, Siemens' President for Renewable Energy in Egypt and Head of Wind Power Middle East, Emad Ghaly, said.
Japanese Marubeni to Build $3.5b Coal Power Plant in Egypt
Japanese trading house Marubeni and Egyptian electric equipment manufacturer El Sewedy Electric have agreed with Egypt's state-run electricity utility to conduct a feasibility study into the construction of a coal-fired power plant in Egypt.
Egypt’s Petrobel, KS Drilling Sign $6m Offshore Contract
A unit of KS Drilling has secured a new contract worth $6m with Egypt's Belayim Petroleum Company (Petrobel) for its jack-up rig to continue offshore drilling in Egypt, parent company KS Energy has announced.
Egypt to Receive $1.5b Loan from US Ex-Im Bank for PetroChem, Energy Projects
The Export-Import Bank of the United States (Ex-Im Bank) considers pumping loans of $1.5b to the Egyptian market for projects in petrochemicals, energy, and aviation sectors in the coming period.
EGPC Aims to Increase Refineries’ Capacity in 2017
The Egyptian General Petroleum Corporation (EGPC) aims to increase refineries capacity to reach 30m tons of crude oil in the second half of 2017.
