News / Egypt
Ministry of Petroleum Offers Incentives to Investors
In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.
250,000 Households to Be Connected to National Gas Grid in 2015
In a statement made to Egypt Oil & Gas, an EGAS official reveled that connecting 250,000 households to the national gas grid is in progress, and to be finalized during the current year.
Tarek El Molla: Energy is the Engine for Development and National Aspirations
Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that there were priorities laid out by the petroleum sector, such as onshore and offshore exploration, especially in the deep layers in the Nile Delta and Western Desert; in addition to under-explored areas such as Upper Egypt and the Red Sea, reported Egypt Oil & Gas.
Egypt, Jordan in Energy Talks
Petroleum Ministry, Tarek El Molla, and Jordanian Minister of Energy, Ibrahim Saif, met to discuss cooperation between both countries.
25% Increase in Gasoline Pumped to Sohag and Qena
In a statement made to Egypt Oil & Gas, EGPC Vice Executive Chairman for Operations, Amr Mostafa said that the company is increasing the quantities of gasoline supplied to the governorates of Sohag and Qena by an additional 25%.
Ibrahim Abou Bakr: Ganope to Issue Bid Round in January
Chairman of Ganoub El Wadi Petroleum Holding Company (GANOPE), Abou Bakr Ibrahim, announced that the company will issue a new bid round by January 2016, at the latest.
Egypt Nuclear Program Wins International Accolades
The head of the Egyptian Council for Foreign Affairs (ECFA), Mohamed Ibrahim Shaker, announced that Egypt will begin establishing its first nuclear power plant in Dabaa within days Egyptian Citizens Each Receive an Average of EGP 692 Worth of Subsidized Petroleum Products
In its “budget of citizen costs for the current fiscal year (2015-2016),” the Ministry of Finance announced that the subsidy bill for petroleum products this year was EGP 61.7b—compared to EGP 100.3b—during the last fiscal year, reported Masrawy.
