News / Egypt
Italy’s Enel to Exit Egypt’s Renewable Energy Market
Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.
Ministry of Petroleum to Expand Midor’s Refineries in 2019
The Egyptian Ministry of Petroleum and Mineral Resources seeks to invest $1.6b in a project that aims to expand the refining facilities of the Middle East Oil Refinery (Midor) in order to meet the domestic demand of petroleum products.
Eight Energy Firms Apply for Offshore Gas Drilling Rights in Cyprus
Eight energy companies have submitted six applications for winning exploratory drilling rights in blocks six, eight, and ten in Cyprus’ Exclusive Economic Zone (EEZ).
Five Companies Apply for Gas Importing Licenses from EGAS
According to the Assistant Vice Chairperson at the Egyptian Natural Gas Holding Company (EGAS), Amira El-Mazni, the number of companies applying for licenses to import natural gas from abroad has increased to five companies.
Egypt’s FSRU Tender Attracts Four International Firms
Four international firms have expressed interest in Egypt’s global tender, that was launched by the Egyptian Natural Gas Holding Company (EGAS) in late June 2016, for renting a third floating storage and regasification unit (FSRU) with a capacity of 750mcf/d.
SUMED Signs $100m Loan Contract with National Bank of Egypt
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of an Egyptian loan contract to fund Phase 1 of the construction of a pier and a center for the trade and storage of oil products in Ain Sokhna between the Arab Petroleum Pipelines Company (SUMED) and the National Bank of Egypt (NBE).
Eni, BP Discover 700bcf of Extractable Gas in South Baltim
After completing the drilling operations of their first well, Baltim SW-1, British Petroleum (BP) and Italy’s Eni have estimated the reserves in their concession area in South Baltim to equal almost 700bcf of extractable gas.
Egypt’s Power Plants’ Gas Consumption Increases to 3.4bcf/d
Egypt’s Power plants’ consumption of natural gas has increased to 3.4bcf/d over one week in mid July, up from 3.3bcf/d, due to the country’s high summer temperatures.
