News / Egypt
Shell, Apache to Complete Apollonia Field Tests by June
Royal Dutch Shell will partner up with the American corporation Apache in the Apollonia field in the Western Desert to complete the initial tests required for gas production by end June.
Egypt to Divert Natural Gas Supplies from Industries
In an attempt to meet the increased demand from the electric power plants, Egypt will divert the natural gas supplies away from the industry in August.
EGAS Exempted from $270m Fine for Damietta Gas Cuts
The Paris-based International Court of Arbitration has declared that The Egyptian Natural Gas Holding Company (EGAS) will be exempted from paying a $270m fine related to gas cuts at its foreign-owned LNG plant in Damietta.
Oil Minister Held Third Review Meeting on Zohr
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the third regular committee meeting evaluating the execution phases of the Zohr field project development.
Solar Energy Investors Postpone EGP 9m Installment
Egypt’s Ministry of Electricity has accepted investors' request for an extension to pay the third installment of the cost-sharing agreement for solar energy projects in Banban, Aswan, worth EGP 9m, which was due in June.
Merlon to Increase Fayoum Investments to $100m
Merlon, an American company working in research and exploration in Egypt, allocated around $100m to implement production and development operations in its concession area in Fayoum in the next fiscal year 2016-2017 (FY), compared to $85m in the last FY.
Electricity Ministry Launches Awareness Campaign
The Egyptian Ministry of Electricity is to launch a public awareness campaign that encourages the citizens to become more conscious towards their energy consumption in order to help solve the recent energy crisis that the country is facing.
CBE: Banking Sector Fed In $33.7b to Cover State Needs
The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016. CBE also aims at providing foreign currency to import fuel and gas supplies.
