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