News / Egypt

Egypt to Sign $575m Loan Agreements with Japan, South Korea

Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575m to finance projects in energy and transportation.

Egypt Speeds up 300MW Solar Power Plant Project in Minya

Egypt's Prime Minister Sherif Ismail demanded completion of ongoing technical and financial studies for the 300 MW solar power plant in Minya as a prelude to signing the final agreement of the project.

Egypt Secures $17.7b in Funding from Japan

Egypt's President Abdel Fattah Al-Sisi held meetings with Japanese Prime Minister Shinzo Abe during his state visit to Tokyo in attempt to boost mutual cooperation in the energy, education and development sectors. The countries reached an agreement to provide almost $18b in Japanese funding to Egypt for multiple projects.

Saudi Oil Supplies to Egypt to Increase in New Deal

Saudi Arabia is expected to provide Egypt's oil needs for a five-year period, which will increase the quantity of imported oil from 500,000 to 700,000 tons per year.

Eni’s New Well in Nile Delta to Come Online in March 2016

The Italian multinational oil and gas company Eni has successfully drilled the Nidoco North 1X well, in the exploration prospect of Nooros East, located in the Abu Madi West license, in the Nile Delta.

APR Energy Commissions Gas Turbine Power Plant in Egypt

APR Energy, a global leader in fast-track power solutions, said it had commissioned its new power plant in Egypt.

Oil Minister Visited Refining Companies

Minister of Petroleum and Mineral Resources, Tarek El-Molla, visited the Egyptian Refining Company, the Cairo Oil Refining Company, and Petrogas in the Mostorod area in the Qalyubia province.

EGPC to Issue New Bid Rounds in Q1

The Egyptian General Petroleum Corporation (EGPC) will issue a new international bid round for oil and gas exploration as Q1 comes to an end.

Recent Promotions in the Petroleum Sector

Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new promotions and transfers in the petroleum sector.

Egypt’s Fuel Subsidies Cost Drops 42%

Egypt's total cost of fuel subsidies has dropped by 42% to record low of EGP 26b in the first half of the current fiscal year, down from EGP 45b in the same period a year earlier.

Page 790 of 997

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password