News / Egypt
Shell, EGPC in Talks About Al-Abyad Shale Gas Price
Royal Dutch Shell and the Egyptian General Petroleum Corporation (EGPC) are in discussions over the price of shale gas that will be produced in the Al-Abyad area for the first time in Egypt.
Egypt Cancels Tender for Prepaid Smart Electricity Meters
The Ministry of Electricity announced the cancellation of a tender for supplying 50,000 smart electricity meters that were needed for the South Cairo Electricity Distribution Company.
Bapetco and Khalda Invest $23m to Frack for Apollonia Natural Gas
Bapecto and Khaleda Petroleum plan on drilling three horizontal wells in the Apollonia field in the Western Desert, reported Al-Borsa. This is to produce natural gas from the layers of limestone characterized by low porosity and permeability, utilizing hydraulic fracturing.
Egypt to Offer Investors 3 cents per Kilowatt of Renewable Energy
Egypt’s Ministry of Electricity is currently finalizing deals with the companies that signed MoUs during the economic conference last March to purchase 1 KW of power generated via alternative energy sources for 3 cents.
Aminex Shifts from PSAs to Royalty Payments in Egypt
Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.
EGAS Begins to Collects Dues Worth EGP 4B
A source at EGAS informed Al-Borsa that the dues owed to the gas holding company has reached EGP 4b with 60% of this sum coming from the government sector alone.
Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda
Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage.
Siemens $1.75b Maintenance Contract Approved
Amwal Al-Ghad reported on Wednesday the Egyptian Cabinet ratified a $1.75b maintenance contract with Germany’s Siemens.
