News / Egypt
Egypt, Jordan, Iraq Held Talks on Basra-Aqaba Oil Pipeline
Egypt, Jordan, and Iraq held talks in Cairo on the development of the Basra-Aqaba oil pipeline project seeking to revive the 2015 trilateral Memorandum of Understanding.
Orascom Secures $20m Contract for West Nile Delta Gas Project
National Steel Fabrication, a subsidiary of Orascom Construction (OC), has signed a $20m contract to manufacture and supply structural steel for the West Nile Delta gas development project.
Egypt’s Oil Ministry Mulls Revival of Seabird Bid in Gulf of Suez
The Ministry of Petroleum is considering the revival of the seabird (Tair al-Bahr) bid in the southern Gulf of Suez and the inclusion of an Egyptian partner in order to increase the role of Egyptian companies in petroleum exploration and production.
Egypt SuMed Pipeline Yet to Accept Iran Oil After Sanctions
Crude oil producers in Egypt and Gulf States have yet to let Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region.
Egypt’s EGAS Makes First Payments to LNG Suppliers in 2016
Egyptian Natural Gas Holding Company (EGAS) has made its first payments to suppliers of liquefied natural gas (LNG) since the payment terms for deliveries were extended in December.
AMIC Establishes Subsidiary to Produce Renewable Energy
The Arab Moltaqa Investments Company (AMIC) has established a new subsidiary - the United Company for Investments and Real Estate Developments to produce renewable energy from organic waste.
Egypt to Get $3b Financial Package from South Korea
South Korea will provide Egypt with a financial package worth $3b for export credits and to develop infrastructure in the energy, water resources, and transport sectors, the Egyptian presidency announced.
Ethydco Completes $1.9b Petrochemicals Complex
The Chairman of Egyptian Ethylene and Derivatives Company (Ethydco), Abd El-Rahman Zeid, announced that the company has completed 97.2% of its petrochemicals complex with a total investment cost estimated at $1.9b.
