News / Egypt

EGPC, ADNOC Negotiating Fuel Shipments and Payments

The EGPC is currently in negotiations with Abu Dhabi National Oil Company (ADNOC) for shipments of petroleum products and payment facilitations.

Schneider Electric Participating in 1.5m Acre Wells Project

Schneider Electric will participate in a 1.5m acre project via investment in running project wells through solar power.

Egypt, China to Sign Six Electricity Infrastructure Deals

The Ministry of Electricity expects to sign six new agreements for Chinese investment in Egypt’s electricity infrastructure during Chinese President Xi Jinping’s visit in January.

Egypt’s Sidi Kerir Petrochemicals Targets 5%-10% Sales Increase

Egypt's Sidi Kerir Petrochemicals Company (Sidpec) hopes to increase sales by 5%-10% in 2016, said the company’s Marketing Head Mohamed Saad.

BP Aims to Double Gas Production in Egypt in 4 Years

BP aims to double natural gas production in Egypt in the next four years, despite weak prices.

El Molla: Egypt “Suffering” from Subsidies

Egyptian Petroleum Minister, Tarek El Molla, said that Egypt is “suffering” from fuel subsidies and that funding for subsidies are better spent on other areas, such as health and education.

Seven Investors Building Solar Cells in Egypt

There are now seven companies building solar cell components in Egypt, according to New and Renewable Energy Authority Head, Dr. Mohamed Al Sobky.

Egypt Pushed Mediterranean Bid Round to End of FY

Egypt will offer an international tender for new oil and gas exploration blocks in the Mediterranean and Nile Delta, according to EGAS head Khaled Abdel Badie.

Abdul Ghani: 50,000 New Subscribers Officially Registered

Khaled Abdul Ghani, the project director for the fuel subsidy cards at e-Finance told Egypt Oil & Gas that 50,000 new subscribers were registered prior to the actual application of fuel stations in the governorates, scheduled for May, in line with the government plan to insure that subsidized fuel reaches those eligible, the low-income groups.

Local Stability of Dollar Saves Egypt 250m a Month

The stability of the local exchange rate for the US Dollar, will save the Egyptian government an estimated EGP 250m per month; a positive reduction that coincides with the low current Brent price of $28.94 (on Sunday 17/1).

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