News / Egypt
Solar Station to Power Tourist Resort for $2.5 Mn
The Egyptian Resorts Company (ERC) signed a 27-year contract with KarmSolar company to construct a 2 MW solar station with investments amounting to $2.5 mn
State Sponsoring Private Sector Oil Firm to the Tune of $91 Mn
The biggest stated-run bank, National Bank of Egypt has agreed to secure $91 mn finances for one the private sector oil firms
Egyptian Nuclear Power, Natural Gas, Key Attraction Points for Russian Business
Major Russian companies are eager to invest in various Egyptian economic sectors, most notably the energy and natural gas sectors
Dana Gas to Overview Egypt Operations on June 24 Meeting
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1 financial statements
Egypt’s National Cement Factory Owes EGP 1Bn to EGAS
The Egyptian Natural Gas Holding Company's (EGAS) dues from the government-owned National Cement Factory has reached EGP 1bn. EGAS demanded its money to be paid back but it is still not decided when it will receive the dues.
French Axens Won Contract to Upgrade Assiut Oil Refining Company
Egypt’s Assiut Oil Refining Company (ASORC) plans to upgrade its refinery, located 400km south of Cairo, French petrochemicals engineering firm Axens said on Tuesday.
Orascom’s 250MW Power Plant to Begin Operations
Egypt’s ongoing efforts to boost its energy capacity received an early Ramadan lift as the contractor Orascom Construction announced that it has completed the first phase of the West Damietta power plant two weeks early.
Egypt Earmarks EGP 61bn for Fuel Subsidies
Egypt's draft 2015/2016 budget earmarks 61 billion Egyptian pounds ($8 billion) for fuel product subsidies, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday.
