News / Egypt
EU’s TARES Project in Egypt Eyes 18% Energy Saving by 2035
The European Union (EU) has announced that their funded Technical Assistance to Support the Reform of the Energy Sector (TARES) project in Egypt can achieve feasibly energy savings up to 20 million tons of oil equivalent (mtoe) by 2035, corresponding to 18% of the total consumption in 2035.
Egypt’s Cabinet Confirmed Fuel Exempted from VAT
The cabinet confirmed that Egypt’s petroleum based products are to be exempted from the value-added tax (VAT), which is yet to be presented to the parliament.
EU’s Twinning Project to Develop Egypt’s Power Sector
In partnership with the Regulatory Authority for Energy of the Hellenic Republic (RAE) and the Italian Regulatory Authority for Electricity, Gas, and Water (AEEGSI), the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) will launch the European Union (EU) Twinning project.
Ministry of Petroleum Owes $400m to Germany’s RWE
Egypt’s Ministry of Petroleum owes $400m to its German counterpart, RWE, a leading company in manufacturing coal and nuclear-based electricity generators in Europe. The amount accounts for the Essen-based company’s stake in oil and gas from its concession areas in Egypt.
Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b
The total amount of dues that are owed by the Egyptian Ministry of Petroleum to British Gas (BG) and Shell, in return for their shares in the gas produced at El-Borollos and Rasheed fields, have increased to $1.1b, from $1b in April 2016.
EETC to Review Technical Notes for Egypt-Saudi Power Link
Head of the Egyptian Electricity Transmission Company (EETC) will meet with Siemens, ABB and Alstom companies to discuss the transformer tender of the $1.6b Egyptian-Saudi electricity linkage project.
Egypt’s Four Gas Fields to Resolve Energy Crises by 2019
A source at the Ministry of Petroleum and Mineral Resources told Egypt Oil&Gas that Egypt's four key natural gas fields represent a path for helping the country resolve its energy crises by 2019.
Egypt, China to Finalize Coal-Fired Plant Contract
Egypt's Ministry of Electricity and Renewable Energy is expected to endorse the final contract to establish a coal-fired power plant with China’s Shanghai Electric when Egypt’s President Abdel Fattah El Sisi visits China in September 2016.
