News / Egypt
Update-2 Siemens in Need of $917m Loan to Implement 3 Power Plants in Egypt
German Siemens seeks to obtain a fund worth EGP 7 billion (US$917.3million) from a group of banks working in the Egyptian market, a senior source told Amwal Al Ghad Monday.
SIDPEC Invests $670m in Petrochemical Industry
Egypt's Sidi Kerir Petrochemicals Co – Sidpec is currently in charge of a number of new projects with investments estimated at US$670 million, chairman Ahmed Helmy stated Monday.
El Sewedy Electric to Invest $75m in a Solar Plant in Upper Egypt
Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt solar energy power plant in the Upper Egypt region.
GUPCO Placed EDFU A7 on Production
GUPCO announced that it successfully completed drilling the oil development well EDFU A7 in the Edfu field, reported Egypt Oil and Gas.
Three Electricity Pylons in Giza Bombed
Unknown assailants bombed three electricity pylons in Giza's Awsim late Sunday, which led to a power outage in a number of districts.
500 Meter Oil Spill in Red Sea
An oil spillage of about 500 meters in circumference has been spotted Saturday in the Red Sea’s northernmost city of Ras Gharib, Egypt.
Egypt Spent EGP 126.3bn in Petroleum Subsidies in 2013/14
Egypt has spent EGP 126.3bn on oil products subsidies during the fiscal year (FY) 2013/2014, according to a US Energy Information Administration (EIA) report on Egypt’s energy released in June.
Fuel Subsidy Card Posponed
Egypt's President Abdel Fattah El-Sisi asked his government on Saturday to consider postponing a smart card system for subsidized fuel which was due to come into effect in two days, state media said
