News / Egypt
Egypt Announces Results of LNG Tender
Tarek El Molla, Minister of Petroleum and Mineral Resources received a report from Khaled Abdel Badie, Head of the Egyptian Natural Gas Holding Company (EGAS) regarding the outcome of the tender issued by the company for the supply of LNG, reported Egypt Oil & Gas.
EBRD to Finance Renewable Energy Projects in Egypt
The European Bank for Reconstruction and Development (EBRD) aims to focus on financing renewable energy projects in Egypt in the coming period, according to Philip ter Woort, Director of EBRD Egypt.
Sherif Ismail to Form a Ministerial Committee
Prime Minister Sherif Ismail formed a ministerial economic committee under his chairmanship, reported Daily News Egypt. The committee will draw out the general framework for economic and monetary policies, as well methods of attracting investment opportunities to Egypt.
Tarek El Molla in Energy Talks with Head of EDF
Egypt Oil & Gas learned that Tarek El Molla, Minister of Petroleum and Mineral Resources, held extensive talks with Jean-Bernard, CEO of France’s EDF, parent company of Italy’s Edison. EDF was part of the delegation accompanying French Prime Minister during his visit to Egypt. The talks were also attended by Edison CEO Bruno Lescoeur.
World Bank, AFDB to Loan Egypt $1.5b
Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AFDB) by the end of 2015. The decision comes as part of the country's efforts to boost foreign currency reserves.
Egypt to Reduce Energy Subsidies to Under $8b in FY2016
The Egyptian government will reduce energy subsidies to less than $8b this fiscal year, reported the Cairo Post.
Egypt’s EGAS to Release Details of LNG Tenders Today
The Egyptian state-run corporation for natural gas—EGAS—plans to finalize the winning bidders for a tender of 45 LNG shipments, Reuters reported. Petroleum Minister Meets IOCs About Oil and Gas Field Development
Tarek El Molla—Minister of Petroleum and Mineral Resources—held extensive meetings with a number of heads of Arab and foreign companies operating in Egypt including: Emirati Dana Gas, BG Group, Petronas, and Engie (recently renamed from GDF Suez). The meetings were to review the work programs and discuss schedules for exploration and development in concession areas, reported Egypt Oil & Gas.
