News / Egypt
EGPC Increases Levels of Petroleum Products Available
The Egyptian General Petroleum Corporation (EGPC) has announced that it will increase the levels of petroleum products distributed in the domestic market in the Holy Month of Ramadan.
Egypt’s LPG Reserves Increased
A government official told Egypt Oil&Gas that the strategic LPG reserves in Egypt increased to reach the level of sufficiency for 25 days, instead of 17 days.
Oil Minister Names New Head of Petroleum Pipelines Co
Oil Minister, Tarek El Molla, appoints a new Head of Petroleum Pipelines Company.
China’s Bank Ready to Finance Petroleum Projects in Egypt
After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt.
Onera Systems Finalizes Three Solar Power Stations
Onera Systems, the Egyptian leading companies in the solar energy sector in the Middle East region, has finalized the establishment of three solar power stations in the Abu Korkas and South Delta areas in Egypt.
Italian TerniEnergia Acquires $9.2m Solar Project
Italian energy company TerniaEnergia has secured an order worth approximately $9.2m for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47MW. The solar park will be constructed in the Benban area of Aswan.
Kuwait to Boost Oil Exports through Suez Canal
The Kuwait Petroleum Corporation has signed an agreement with Egypt’s Suez Canal Authority to boost the bilateral cooperation between the two countries and increase the number of Kuwaiti tankers to increase the Kuwaiti oil exports to Europe.
Vestas Plans to Install 2.2GW Wind Farm in Egypt
Denmark’s Vestas Wind Systems announced that it will present a request to install 2.2GW of wind capacity in Egypt, including a list of six financial institutions that will fund the projects. Six banks to finance the project, including HSBC and Euler Hermes.
