News / Egypt

ADIB and Banque Misr Partner for $105m EGPC Loan

Abu Dhabi Islamic Bank is spearheading an effort with Bank Misr to lend Egypt’s EGPC $105m.

Sherif Ismail: Gas Shortage in Egypt to End November

Chairman of the Federation of Egyptian Industries Mohamed El Sewedy said that the Egyptian Prime Minister, Sherif Ismail, has pledged to end the gas shortage suffered by factories by this November.

44 Companies to Bid on Tender for 200MW Solar Plant

44 companies have obtained the tender conditions for the establishment of a 200MW solar power plant. The government has proposed the project in a build-own-operate (BOO) model.

Ministry of Petroleum to Prioritise Exploration Activity in WD and Delta

Minister of Petroleum and Mineral Resources, Tarek El Molla, said that a key priority is to boost exploration activities in the Western desert and Delta, both onshore and offshore, reported Al Borsa.

EGAS Announces Results of Mediterranean Bid Round

EGAS announced the result of the 2015 international exploration Mediterranean bid round, reported Egypt Oil & Gas.

EGAS: Postponing of Operation of 2nd FSRU

Egyptian Natural Gas Holding Company (EGAS) postponed to mid-October the operation of a second floating storage and regasification (FSRU) ship that arrived last week to Ain Sokhna Port, as the pier were the ship is to dock has not been completed.

EMRA: Cement Factories to Use Tar Sand for Energy

Dr. Amr Taima, Head of the Egyptian Mineral Resources Authority (EMRA), revealed to Al-Ahram that his authority had presented a comprehensive plan of action to the Minister of Petroleum and Mineral Resources, Tarek El Molla.

GUPCO Launches New Marine Platform for Hilal Field

Egypt Oil & Gas learned that GUPCO launched a new offshore platform, to replace the original Hilal platform that was destroyed in 1994 due to the collision of a cargo ship. Production was then discontinued for industrial safety and environmental protection considerations.

Abou Bakr: $100m in New Investments from IOCs

Ganope Chairman, Abou Bakr Ibrahim, presented during the EPEX Conference for Upper Egypt & Red Sea Resources various petroleum activities in Upper Egypt, covering a wide range, from exploration, down to refining and distribution, reported Egypt Oil & Gas.

EGPC, Kuwait Energy to Join Forces in Iraq

The Egyptian General Petroleum Corporation (EGPC) signed an agreement with Kuwait Energy, forming a joint venture that will explore in Iraq,

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