Egypt's prime minister said on Thursday that Transport Minister Hany Dahi would temporarily take on the portfolio of the energy minister while he was travelling.
Russia-based Rosneft has announced that it has signed and agreement with the Egyptian General Petroleum Corporation (EGPC) to supply oil products into Egypt.
Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said
Some 10 global firms operating in alternative energy have put in requests to obtain licensing to run renewable energy projects in Egypt, the head of Electric Utility and Consumer Protection Regulatory Agency Dr. Hafez Salamawy said.
Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments.
Misr Company for Oil Industries MOPCO Suez plans to carry out a new project to produce aromatic fertilizer and petrochemical products in Ain Sukhnan at a total cost of $2bn.
Egypt signed on Thursday a deal with Norwegian seismic surveyor PGS company to carry out the largest seismic exploration project in Egypt's territorial waters in the Mediterranean Sea
Qalaa Holdings, one of Egypt's largest investment firms, said on Tuesday it had signed agreements with Financial Holdings International (FIH) to buy some of FIH's subsidiaries.