News / Egypt
Siemens to Install 12 Wind Farms in Egypt at an Investment of $9bn
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.
Promotions and Transfers within the Industry
The Ministry of Petroleum and Mineral Resources conducted a series of transfers and promotions for a number of exploration and operations managers for joint petroleum ventures.
Egypt’s Gas Production on the Decline
A senior EGAS official revealed to Al-Bourse newspaper that Egypt's production of natural gas is declining at a rate of about 130 mcf per month, compared to about 100 mcf during the same period last fiscal year. This decline was the result of the natural erosion of production from gas fields.
BP to Pay $39m of Dana Gas’s Exploration Costs in Egypt
Dana Gas has signed an agreement for BP to pay for part of its exploration costs in the El Matriya onshore concession area in Egypt.
Circle Oil Attributes its Substantial Loss to Operations in Egypt, Oman
Circle Oil said it swung to a substantial pretax loss in 2014 after it booked impairments and write-offs related to its operations in Oman and Egypt and the fall in oil prices.
Egypt to Introduce 3rd Floating LNG Terminal
The Egyptian government is preparing the market for a possible third LNG import terminal for private use, even though the tender for the second is not settled and will not be for some time, sources say.
First 100% Solar Fueled Plane Introduced in Cairo Event
The embassy of Switzerland, Swiss companies Schindler and ABB, along with the Swiss-Egyptian Business Association (SEBA) held a conference in Cairo, where they presented the details of the zero-fuel airplane, the “Solar Impulse II”.
Egypt’s Petroleum Imports Up by a whopping 95%
Egypt's petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS report on Monday.
