News / Egypt
Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda
Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage.
Siemens $1.75b Maintenance Contract Approved
Amwal Al-Ghad reported on Wednesday the Egyptian Cabinet ratified a $1.75b maintenance contract with Germany’s Siemens.
Petroleum Portfolio Expanding at National Bank of Egypt
A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).
EGPC Calls on Cabinet to Approve Interest Payments
EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa.
EGAS Denies Jordan LNG Claims
In a talk with Al-Masry Al-Youm EGAS Chairman Khaled Abdel Badie strenuously denied news reports that Egypt was going to import LNG through the Jordanian port of Aqaba, reported Egypt Independent.
Egypt Signs $1.4b Saudi Aramco Deal
Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, Sherif Ismail told Reuters.
Egypt to Import Gas from Jordan
Egypt's state-owned gas company EGAS is seeking four cargoes of liquefied natural gas (LNG) for delivery to Jordan's Aqaba terminal, reported Reuters.
Ministry of Electricity: No Usage of EPC+ Financing
The ministry of electricity has ceased the negotiations conducted on implementing projects on EPC+ finance basis, reported Al Mal.
