News / Egypt
Siemens to Receive €4.1b Loan for Egypt Project
German credit insurance agency Euler Hermes has agreed to underwrite a €4.1b loan to Egypt from a consortium of German banks in support of Siemens electricity production efforts in the country, Egypt Independent reports.
EGAS: Valiant Efforts to Resolve Industry’s Gas Crisis
EGAS is intensifying efforts to import natural gas and accelerate coordination with foreign companies for the implementation of gas development projects, all to solve the gas shortage afflicting the industrial sector before the end of this year.
Tarek El Molla Meets with King Abdullah
King Abdullah voiced his support for the effort to build a pipeline from Basra, Iraq to Aqaba, Jordan and on to Egypt. The King voiced his desire for greater cooperation in the fields of energy cooperation and coordination due to the important role energy can play in alleviating regional problems.
Egypt Submits Proposal for UN Climate Change Conference
the Egyptian government submitted a proposal for its contribution to the UN climate pact, in preparation for the December Paris Conference.
Sisi Orders Finalization of Russian Nuclear Project
Ahram Online reports that President Sisi has asked top government officials to finalize legal and technical procedures related to a Russian bid to build a nuclear power plant in Dabaa, on Egypt’s north coast.
Oil Ministers of Egypt, Jordan, Iraq Sign MoU
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, Jordanian Minister of Petroleum and Mineral Resources, Ibrahim Saif, and the Iraqi Oil Minister, Adel Abdul Mahd, signed a memorandum of understanding in Amman to support cooperation in the oil and natural gas fields between the three countries, reports Egypt Oil & Gas.
ISIS Leader Linked to Death of Apache Employee
The Egyptian government announced on November 9th that Ashraf Ali Ali Hassanein al Gharabli, a leader of the Sinai branch of ISIS, was killed by police during a firefight in Cairo’s El Marg district.
Eni Amends Concession Agreements with Egypt
Eni’s Egyptian subsidiary, IEOC, has signed 3 new amendments to its agreements with the Egyptian government. In a November 12th press release, the company announced the amendments for their concessions of Sinai 12 and Abu Madi, North Port Said, and Baltim. The company also announced a new concession agreement named “Ashrafi,” which will be a partnership with French electric utility company Engie.
