News / Egypt
Petroleum Minister: Supply Gap is Due to Political Termoil
In his opening address during a symposium on regulating gas market in Egypt, pointed out that the exceptional circumstances witnessed by Egypt during the past four years created a temporary gap between the production and consumption of natural gas and petroleum products.
Press Release: Ministries of Electricity and Petroleum to Egyptian Citizens
The Ministries of Electricity and Petroleum announced that the recent significant rise in temperature and humidity taking place in the country has led to an unprecedented increase in demand for electricity consumption and increased loads.
Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year, reported Bloomberg.
Egypt Launches Tenders for 500MW of Renewable Energy Projects
The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) have announced three new tenders for renewable energy totaling 500MW, reported PV Tech.
Egypt Sees Highest Electricity Usage Ever
The Ministry of Electricity and Renewable Energy announced that it observed electricity consumption of over 29,000MW, the highest ever recorded, reported Amwalalghad.
UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU
UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post reported.
Croatian Oil Services Worker Reportedly Beheaded By ISIS
Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent reported.
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt reported.
