News / Egypt
Egypt Puts Off 200 MW Solar PV Plant Project
A tender for a 200MW BOO (build-own-operate) solar PV plant project in Egypt has had its deadline extended by six months until December 21st.
EFG Hermes Closes $618m European Wind Farm Deal
Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, EDP Renovaveis for $618.26m.
Egypt Ships its Second LNG Cargo Heading to Japan
Egypt, the country which was a net LNG exporter from 2005 until 2014 and then turned into one of the world’s newest major LNG importers due to its economic instability, is now back at exporting the fuel again.
Egypt, Kuwait Debate Joint Investment Strategies
Minister of Petroleum and Mineral Resources Tarek El Molla welcomed a delegation from Kuwait Petroleum Corporation (KPC) headed by Nabil Bourisly, the Managing Director of International Marketing, with whom he discussed joint investments strategies.
Oil Minister Visits Petrochemical Companies
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed that the oil sector is moving forward with comprehensive developments in the petrochemical industry, whether through new projects or the development of existing ones.
Shell’s Gas Production in Egypt Increases
Royal Dutch Shell’s natural gas production from Egypt’s Burullus and Rosetta concessions has increased to 686 mcf/d from 640 mcf/d in late 2015.
EGPC to Pay Eni in EGP
EGPC has reached an agreement with Eni to pay the Rome-based multinational oil and gas company its $650m receivables in the Egyptian pounds.
Sinai Gas Completes Gas Grid Line in Ismailia
The oil sector has completed the execution of gas grid line in the New Ismailia city at a length of 30 km, which has paved the way for the aggregation of gas for a delivery to household units, informed Sinai Gas.
