News / Egypt
EGAS Technical Committee Evaluating IOC Bids for Mediterranean
The Egyptian Natural Gas Holding Company (EGAS) has announced the closing of its 2015 International Bid Round, where the Technical Committee has now begun evaluating bids.
Sohag Governorate Eyes Biogas Prospects
Sohag Governor, Ayman Abdel Moneim, announced in his speech at the Biogas Technology Production conference held in Sohag, that the governorate is currently studying the feasibility of including biogas as one of its energy sources, reported Almal.
Egypt Gas Company Records Losses of EGP 48.6m
State owned Egypt Gas company, an affiliate of the Egyptian Natural Gas Holding Company (EGAS), recorded losses of EGP 48.6m ($6.2m) during the first 6 months of 2015, in comparison to the recorded profits of EGP 25.26m ($3.2m) during the same periodin 2015, reported Daily News Egypt.
ASORC Aims to Process 4.1m tons of Crude Oil
Al-Mal newspaper learned that Assiut Oil Refining Company (ASORC) has contracted with ENPPI to implement new units to raise its production capacity of petroleum derivatives and thus increase its supply of petroleum products to Upper Egypt.
Ganope Preparing to Launch Tar Sands International Tender
Ganope is to develop an integrated scheme for the exploitation of tar sands in a number of its concession areas in the South Valley, in preparation for the introduction of new international tender soon.
EDEPC to Invest $125m in Upgrading its Stations
East Delta Electricity Production Company (EDEPC) is working on obtaining a loan worth $125m, which will be used to upgrade the company's power stations.
South Valley Cement Invests EGP 200m to Shift to Coal
South Valley Cement Company (SVCE) is currently installing a coal mill that is scheduled to be finished by mid-2016, said General Manager Ahmed Ibrahim to Amwal al Ghad.
NBE’s Loans to the Petroleum Sector Amount 40bn
Ayman Yassin, Head of Corporate Banking Group at the NBE told Daily News Egypt in an interview that the petroleum sector's loan for the fiscal year of 2014/2015 had reached 40bn, in comparison with 27bn in the fiscal year of 2013/2014.
