News / Egypt
Electricity Ministry Ponders Siemens’ Renewable Energy Project
The Egyptian Ministry of Electricity and the New & Renewable Energy Authority are studying an offer proposed by the German energy company Siemens to produce 10,000 MW of renewable energy in Egypt by December 2016. Oil Minister Appointed New Heads of Three Petroleum Companies
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of three petroleum firms.
GASCO Mulls $605m Investment in Gas Projects
GASCO studies a project to transport gas from Raven field in the North of Alexandria worth $105m and investing $500m in the second phase of a project to boost ethane-propane production in Western Desert.
Weatherford Egypt Witnesses Workers’ Protest
Fifty workers at Weatherford Egypt, an energy service company, staged a sit-in protest in front of the company's headquarter in Cairo, raising objections to a recent decision by the company to terminate their employment contracts.
Egypt: Fuel Prices Will Not Rise over IMF Loan
During negotiations with the IMF, the Egyptian government confirms that no changes will occur to current fuel prices and other reform efforts.
EGPC: Four Companies Eye Oil, Gas Bid Round for 11 Concessions
According to the Egyptian General Petroleum Corporation (EGPC), US companies Apache, and EOS Petro, Greek Aegean, and a Chilean firm eye exploration and production (E&P) bid rounds for 11 concessions in Egypt at the Gulf of Suez and in Eastern Desert.
Egypt Studies State-Owned Oil Companies for IPO
Minister of Petroleum Tarek El Molla told Reuters that the Egyptian Ministry of Investment is to study the suitability of listing eight state-owned oil companies on the Egyptian Stock Exchange or share issuance.
Egypt, France Sign $76.5m Gas-to-Homes Agreement
Egypt and France have signed a grant agreement worth $76.5m to be allocated to gas-to-homes projects, according to the Ministry of International Cooperation's official website.
