The Aphrodite natural gas field off Cyprus has been proven to be commercially viable and plans include producing 8bcm a year and construction of a pipeline to Egypt for exporting.
Minister of Housing Mostafa Madbouly announced the launch of the the first central solar energy plant lighting along 4km of the Tiba-Qena eastern desert road.
Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.
Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta.
The Egyptian Natural Gas Holding Company (EGAS) agreed with the Ministry of Agriculture to prioritize supplying natural gas in the summer months to fertilizer factories that feed the local market.
Egypt's Supply Ministry will coordinate with the Egyptian General Petroleum Corporation (EGPC) to deliver Butane gas for home and commercial consumption, Khaled Hanafi- Minister.
The ministers of petroleum and electricity agreed to pump approximately 135m cubic meters of gas, fuel oil and diesel daily for power stations over the following summer months.
Egypt’s Petroleum Ministry signed a deal to set up a new project to produce high-octane benzene in Alexandria with investments worth some $300 million, it said in a Friday statement.
German industrial company Siemens signed an 8 billion euro deal ($9 billion) with Egypt on Wednesday to supply gas and wind power plants to boost the North African country's electricity generation by 50 percent.