News / Egypt

Abu Bakr: EBRD to Finance GANOPE’s Projects

EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.

Electricity Ministry Trains African Engineers Amid Renaissance Negotiations

The Egyptian Ministry of Electricity has trained 51 engineers from around Africa's Nile Basin as an effort to increase international cooperation on electricity issues.

EGPC Waiting for $300m in Delayed Aramco Shipments

The EGPC is waiting for $300m in petroleum shipments from Saudi Aramco as a part of a deal that ended in November.

Promotions and Transfers within the Industry

The Ministry of Petroleum and Mineral Resources, Tarek El Molla, approved the following list of promotions within State-owned companies:

WRA in Partnership with the Ministry of Petroleum to Host Egypt Downstream Summit

The World Refining Association (WRA) announced in a press release that the Egypt Downstream Summit & Exhibition will take place on February the 15th, and will be held under the patronage of Tarek El Molla, Minister of Petroleum and Mineral Resource

EGAS Notifies Factories of a 15% Gas Supply Cut

EGAS notified energy intensive factories that they must reduce consumption by 15% from the contracted quantity due to the current low pressure of gas in the National Grid

Israel Still Pursuing Energy Deals with Egypt Despite Freeze

Israeli companies are continuing to pursue energy trade deals with Egyptian firms despite the Egyptian government’s order to freeze current energy negotiations.

BP Increases Stake in Nile Delta Gas Project

BP has increased its stake in Egypt’s West Nile Delta gas project to 82.75 %, gaining equity in the North Alexandria and West Mediterranean Deep Water Concessions.

Shell Sees Opportunities in Egypt’s Automotive Market

Shell ponders further investment in the Egyptian automotive market in the future, given its expected growth in production capacity.

EGAS to Launch a New Bid Round for Mediterranean

The Egyptian Natural Gas Holding Company (EGAS) is preparing for a new bid round, to be completed by the end of Q4 2016, Daily News Egypt reports.

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