The Egyptian Petrochemicals Holding Company (ECHEM) in the process of setting up a project to convert natural gas to olefins, and polyolefins GTP, reported Egypt Oil & Gas.
Egypt is expecting to see $6b in foreign direct investments for renewable energy projects over the next two years, an official with the Egyptian Ministry of Investment stated.
The General Trade Union for Petroleum Workers (GTUPW), headed by Mohammed Saafan, signed a protocol of cooperation with the Kuwaiti Federation of Petroleum and Petrochemical Workers, headed by Yousif Yacoub Al-Kandari, reported Egypt Oil & Gas.
Khaled Abdul Ghani, smart cards project manager at E-Finance told Egypt Oil & Gas that a 100,000 cars have been added to the smart cards of for the distribution of subsidized gasoline and diesel to the citizens of all the provinces.
The Ministry of Electricity and the Egyptian Central Bank (ECB) are in consultations over the creation of a renewable energy fund to support the foreign currency requirements of alternative energy projects.