News / Egypt
CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
TAQA to Build New Solar Plants in Egypt
TAQA Arabia is seeking to expand its solar power generation projects in Egypt.
Egypt Signs 24 Agreements with Renewable Companies
The Egyptian Ministry of Electricity has signed cost-sharing agreements with 24 renewable energy companies, which have qualified for the feed-in tariff program to build solar and wind power plants.
Sisi Seeks Greater Funding, Shared Responsibility at COP21
Egyptian President Sisi spoke at the UN Climate Change Conference in Paris on November 30th. Sisi stated support for a binding deal, but raised an issue of disparity between developed and developing countries' contributions to climate change.
Egypt Opens MENA’s Largest Wind Farm
Egypt announced on November 30th the opening of the region’s largest wind farm in the Gabal al-Zeit area near the Red Sea. The wind farm is estimated to bring between 150 and 200 megawatts to the Egyptian electricity grid.
Eni’s Zohr is Expected to Produce Only 22 TCF
The Egyptian General Petroleum Corporation Chairman Mohammed Al-Masry told Egypt Oil & Gas that EGPC agreed totally with the head of Italy’s Eni that the Zohr giant gas field needed to enter into production to help bridge the gap between production and consumption in Egypt.
GANOPE to Sign MoU with NREA
GANOPE Chairman Abu Bakr Ibrahim told Egypt Oil & Gas that efforts were underway to exploit non-conventional energy sources and promote the use of renewable energy.
EGPC to Take New Measures for the Transportation, Storage of Fuel
Mohammed Taher, EGPC Vice Chairman for Petroleum Projects and Planning, said that EGPC is taking new measures for the storage and transport of petroleum products within the provinces to prevent jams in front of fuel stations, reported Egypt Oil & Gas.
