News / Egypt
Brickworks Refuse EGAS Rescheduling Proposal
A source from the Egyptian Natural Gas Holding Company (EGAS) stated that many brickworks are delinquent in payments due for gas supplies and that EGAS will resort to legal action after the factories refused the company's rescheduling proposal for re-payments.
Egypt Evaluates Gas Prices in Market Liberalization Efforts
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the Egyptian General Petroleum Corporation (EGPC) gives priority to reforms within the gas market in order to guarantee that energy demand is met for all the sectors of the state.
El Molla Modifies Gas, Oil Shipments Repayment
Repayment period for gas shipments and petroleum products for Egypt increased to 3 months from arrival
Egypt Plans to Increase Electricity Tariffs
The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in the cost of production. El Molla Appoints New President for ESHPETCO
Tarek El Molla, has appointed the geologist Mustafa Taher as President of Esh El Mallaha Petroleum Company (ESHPETCO).
Egypt’s Power Plants’ Gas Consumption Increased
The Egyptian Ministry of Petroleum announced that the gas usage of power stations has increased to 3.4bcf/d, up from 3.3bcf/d.
Misr Insurance Secure Two Oil Ships for $30m
Egypt's Misr Insurance Company, a subsidiary of Misr Insurance Holding Company, signed a contract worth $30m with Red Sea International Petroleum Services to insure two of their ships.
Egypt Approves Waste-to-Energy Tariffs
The Egyptian Cabinet of Ministers approved the waste-to-energy feed-in tariffs pricing recommended by the ministerial committee assigned to study projects for energy production from agricultural, solid, and communal wastes.
