New Study Assesses Energy Subsidies in Egypt

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

A year after the government cut energy subsidies, including electricity, fuel oil and natural gas, the Egyptian Center for Economic Studies (ECES) released a study on the effects of the energy subsidy reform.

Saudi Arabia Invests $350m in Egypt’s Renewables

• Tuesday, 14th July 2015
• by Egypt Oil & Gas

Al-Jeel Al-Hader Co., a Saudi Arabian firm, has struck a $350m deal with Egypt to build power plants to generate electricity using alternative energy sources.

OGS and Schlumberger to Pool Training Efforts Regionally

• Monday, 13th July 2015
• by Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Sherif Ismail witnessed the signing of a memorandum of understanding (MoU) between the Oil & Gas Skills (OGS) company and Schlumberger for the establishment of a joint oil industry Training Institute.

EGPC Studying Magapetco’s Hurghada extension request

• Monday, 13th July 2015
• by Egypt Oil & Gas

An official source at EGPC told Al Mal newspaper that the Magawish Petroleum Company (Magapetco) was in negotiations with EGPC to discuss the possibility of extending the oil exploration concession in Hurghada for a 10-year term.

Minister of Electricity: Surplus in Egyptian Electricity

• Thursday, 9th July 2015
• by Egypt Oil & Gas

There is “surplus” in electricity production in Egypt due to periodical maintenance of existing power plants, increasing their efficiency, Minister of Electricity Mohamed Shaker said in a Monday meeting with President Abdel Fatah al-Sisi, according to a presidential statement.

EGPC, Suez Canal, CBE Drowning in Dues

• Thursday, 9th July 2015
• by Egypt Oil & Gas

Tax arrears from the Egyptian General Petroleum Authority (EGPC), Suez Canal and the Central Bank of Egypt (CBE) have reached EGP 35bn, Tax Authority Head Abdel Moneim Matar said on Tuesday.

Update-1: Egypt’s Deal with Roseneft

• Thursday, 9th July 2015
• by Egypt Oil & Gas

Egypt and Russia's top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday.

Egypt to Launch Renewable Tender

• Tuesday, 7th July 2015
• by Egypt Oil & Gas

Egypt’s New and Renewable Energy Authority (NREA) plans to invite bids within weeks to set up solar and wind power plants with total capacities exceeding 2,000 MW, a report said.

Egypt’s Debt to Foreign Oil Companies Up by 6.1%

• Monday, 6th July 2015
• by Egypt Oil & Gas

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday.

EGAS Will Raise Gas Prices Paid to Eni and Edison

• Monday, 6th July 2015
• by Egypt Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday.