News / Egypt
EETC to Collect 3rd Aswan Solar Energy Installment
The Egyptian Electricity Transmission Company (EETC) has addressed the solar energy companies’ investors in Aswan to pay the third installment of the EGP 10m cost-sharing agreement that links the solar power plants with the national electricity grid, before the beginning of July 2016.
EEHC, Recovered Energy to Sign Energy Efficiency Contract
The Egyptian Electricity Holding Company (EEHC) will ink an agreement with Recovered Energy, in July 2016, to invest $30m in increasing the efficiency of the Sixth of October Power Plant.
Eni to Build Solar Energy Station in South Sinai
The higher committee for the project of renewable solar energy utilization held its first meeting to study Eni’s project to establish a solar energy station for electricity generation with a capacity of 100 MW in Sinai.
Engie, Nareva Ink Energy Projects in North, West Africa
French energy firm Engie announced in a statement that it has signed a MoU with Moroccan Nareva Holding to develop new energy projects in north and west Africa including Egypt, Ivory Coast, and Senegal.
Egypt Receives $650m Fuel Shipments from Saudi Arabia
As part of the five-year agreement that Egypt has with Saudi Arabia to contribute in supplying the country’s fuel needs, Egypt has received shipments of petroleum products worth approximately $650m in May and June 2016 from it Saudi Arabian counterparts. The shipment includes benzene, diesel, and mazut products.
EGPC, Apache Ink Five-Year Extension Agreement
Apache Corporation has signed a five-year extension agreement to its Khalda-2 drilling concession in the Western Desert.
Shell Reveals $342m Investment Plans in Egypt
Royal Dutch Shell has announced its new plans for the coming fiscal year (FY) 2016/2017 in Egypt. The Anglo-Dutch oil and gas giant sets its eyes on investing $342m in drilling 33 wells in its concession areas that are operated by Badr El Din Petroleum Company (BAPETCO).
Egypt to Develop 5 New Oil, Gas Fields by 2019
A plan has been set by the Egyptian government to start developing five new oil and gas fields in Egypt, from the third quarter of 2017 until 2019. The five fields are named: Taurus, Libra, Giza, Fayoum, and Raven. 
