News / Egypt
Hamdi Abdel Aziz: No Truth to Threats From Oil Companies
In an official press release from the Ministry of Petroleum, Hamdi Abdel Aziz, the Ministry of Petroleum’s official spokesman denied what was published in a newspaper about threats made by four oil companies to withdraw their investments if the government delayed the payment of dues owed to foreign partners before the end of March.
Explosion in Damietta Pipeline
An explosion in a 180km pipeline linking Damietta and Port Said caused a massive fire in the city of Damietta. The blast had no casualties, nor has it affected gas supply to homes, Ahram Online reported.
Supplying Gas to 1.6m Households Aids Egyptian Budget
The EGPC is developing plans to connect homes in all provinces, delivering gas to 1.6m residential units, beginning with the slum areas during 2016.
Petroleum Ministry: Payments Being Made on Time
The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.
New Promotions in the Petroleum Sector
The Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the following list of transfers and promotions for the heads of state companies in the petroleum sector.
China to Build Two Coal Power Plants in Egypt
China to build two coal fired power plants and a transmission grid in Egypt.
US’ General Electric to Build Wind Power Plant in Egypt
USA's General Electric (GE) is planning a 150MW wind power plant in Egypt. The Egyptian Electricity Holding Company (EEHC) and GE are currently working on finalizing the deal, officials at the Ministry of Electricity and Renewable Energy said Correction: Egypt to Produce 26 Tcf from Zohr
Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.
