News / Egypt
Egypt’s Private Sector Allowed to Import Gas
Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said, a step that could encourage private investment in the energy sector while easing energy shortages.
Egypt to Launch $3bn Tender to Import LNG
Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3bn of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said.
Egypt’s $7.5 Bn PetroChem Project Attracting International Banks
Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximbank).
Petroleum Ministry: No Truth to Rumors of Fuel Price Increase
The Ministry of Petroleum and Mineral Resources denied that it currently had any intention to increase prices of petroleum products.
Sinai and Eastern Desert Tenders Awaiting Security Clearance
The Egyptian Mineral Resources Authority (EMRA) is waiting for a security approval to begin a bidding round for exploration tenders for multiple locations and many different kinds of metals in the Eastern Desert and Sinai, said geologist Amr Tiama.
Egypt to Launch a $500m Power Plant in Qaliyubia
Egypt has opened a 750 megawatt power plant in the northern outskirts of Cairo, the cabinet said on Tuesday, as the country tries to stave off power cuts that have plagued Egyptians' lives and businesses in the summer months of the last few years.
Adnoc’s Contract to Supply Egypt with Petroleum Products Ends June
In statements made to Al-Bourse, EGPC Head Tariq Al-Mulla announced that EGPC's contract with UAE company Adnoc expires in June, adding that there were no new negotiations with Adnoc to renew the contract.
EGPC to Allow Private Sector to Use National Natural Gas Grid
EGPC’s board of directors decided during an internal meeting yesterday to allow the Egyptian private sector to use the national grid for natural gas, if and when gas is imported from abroad, announced EGPC CEO Tarek El-Molla.
