News / Egypt
Update-1 EEHC to Receive EGP 1.75bn Loan from Banque Misr
Banque Misr will provide an EGP 1.75bn share in the loan coordinated for the Egyptian Electricity Holding Company (EEHC), according to Banque Misr Chairman Mohamed El-Etreby.
DEA to Pump $274m Investment into its Concessions
German company DEA plans to invest about $274m during the coming fiscal year to increase oil and gas production rates from its concessions in the Gulf of Suez and Kafr el-Sheikh.
GUPCO Re-establishes Ruined Platform in Hilal field
Gupco successfully completed the manufacture and installation of a new marine platform in the Hilal offshore field
Petroleum Minister: Current Projects in Egypt Worth $9.4bn
The petroleum sector is currently implementing projects worth $9.4 billion, in addition to projects that have been completed, Egypt's petroleum minister said on Monday.
First Austrailan LNG Shipment Arrives to Egypt
Egypt is set to receive its first liquefied natural gas (LNG) delivery from Australia on Wednesday, live ship-tracking data on Reuters Eikon showed.
Gupco’s GS277 Field Reserves Climb to 4mmbls
Gupco completed the drilling of an exploration well, GS277-A5, in order to explore along the eastern part of the GS277 field.
Update-1 El Sewedy wins Part of Siemens’ $9bn Power plant
Egyptian cable company El Sewedy Electric announced it had won a 785m euro portion of a 2 billion euro ($2.27 billion) deal to build a combined cycle power plant in Beni Suef, south of Cairo, in a consortium with Germany's Siemens.
Saudi- Egyptian Cooperation in the Electricity Sector
Saudi Arabia's water and electricity minister, Abdullah Ben Abdelrahman Al-Hussein, arrived in Cairo to meet with officials over possible cooperation between Egypt and Saudi Arabia, state news agency MENA reported.
