News / Egypt
Egypt Inks Exploration Agreements with Mediterra, IPR
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed two agreements that grant Cyprus’ subsidiary Mediterra and US IPR oil and gas company exploration rights in Upper Egypt.
Egypt’s United Bank Considers Renewables Investments
Egypt’s state-run United Bank is studying plans to contribute with $112.6m to upcoming syndicated loans, announced the bank’s Chairman, Ashraf El Kady.
Oil Minister Visited Petrochem Factories in Alexandria
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, visited the petrochemicals projects in Alexandria governorate to follow up on the performance rate of the new projects and expansion plans.
Italy’s Enel to Exit Egypt’s Renewable Energy Market
Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.
Ministry of Petroleum to Expand Midor’s Refineries in 2019
The Egyptian Ministry of Petroleum and Mineral Resources seeks to invest $1.6b in a project that aims to expand the refining facilities of the Middle East Oil Refinery (Midor) in order to meet the domestic demand of petroleum products.
Eight Energy Firms Apply for Offshore Gas Drilling Rights in Cyprus
Eight energy companies have submitted six applications for winning exploratory drilling rights in blocks six, eight, and ten in Cyprus’ Exclusive Economic Zone (EEZ).
Five Companies Apply for Gas Importing Licenses from EGAS
According to the Assistant Vice Chairperson at the Egyptian Natural Gas Holding Company (EGAS), Amira El-Mazni, the number of companies applying for licenses to import natural gas from abroad has increased to five companies.
Egypt’s FSRU Tender Attracts Four International Firms
Four international firms have expressed interest in Egypt’s global tender, that was launched by the Egyptian Natural Gas Holding Company (EGAS) in late June 2016, for renting a third floating storage and regasification unit (FSRU) with a capacity of 750mcf/d.
