News / Egypt
Final Negotiations over Dabaa Plant to Conclude in January
Electricity Minister, Mohamed Shaker said that Egypt and Russia will reach a final agreement on the technical, financial and technological details of the Dabaa Nuclear Plant in January.
El Molla: Energy Subsidies Lower Due to Global Price Decline
Egypt spent EGP14b on petroleum subsidies in Q1 of the 2015-16 fiscal year, according to Petroleum Minister, Tarek El-Molla.
NBE Loans to Electricity Sector Worth EGP39.4b over 5 Years
The total amount of syndicated loans the National Bank of Egypt has made to the electricity sector over the past 5 years is approximately EGP39.4b, according to NBE Deputy Chairman, Mahmoud Montasser.
Leviathan Partners and BG Negotiating $30b Egypt Gas Deal
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January.
Government Evaluating Standards for Entities Subject to Real Estate Tax
The Property Tax Authority is preparing a draft of the standards for evaluating entities which will be subject to a new real estate tax on tourist and energy establishments.
Tripoli NOC Reasserts Legal Rights Over Crude Export
The Tripoli-based National Oil Corporation (NOC) issued a statement underlining its right to take legal action against any party that tries to export crude or products from Libya without its permission.
Israeli Government Approves Gas Exports to Egypt
The Israeli government has approved gas exports to Egypt, while negotiations over the International Chamber of Commerce's arbitration ruling still have not been completed.
EGPC Payment Delays are Contractually Legal
Payment delays by the EGPC for crude oil and natural gas imports are legal, according to a source at the EGPC.
