News / Egypt
Egypt Set to Import Israeli Natural Gas, Following Expected Security Approvals
Security bodies to approve importing gas from Tel Aviv
Blackouts Minimized through Maintenance, LNG Imports
A total of 3,632 MW has been added to the national grid through implementing the ministry’s urgent plan to meet electricity demand
BP To Supply Only 16 LNG Cargoes to EGAS
Egypt has agreed a liquefied natural (LNG) supply deal with British oil major BP through 2015 and 2016, but for less than first proposed
Update: Coal and Declining Oil Prices Help Reduce Fuel Subsidies, says El-Molla
“Oil subsidies during the current FY (to end June 30) amounted to 70 billion EGP, down from an estimated 100 billion EGP in the state budget,” Molla said.
Solar Station to Power Tourist Resort for $2.5 Mn
The Egyptian Resorts Company (ERC) signed a 27-year contract with KarmSolar company to construct a 2 MW solar station with investments amounting to $2.5 mn
State Sponsoring Private Sector Oil Firm to the Tune of $91 Mn
The biggest stated-run bank, National Bank of Egypt has agreed to secure $91 mn finances for one the private sector oil firms
Egyptian Nuclear Power, Natural Gas, Key Attraction Points for Russian Business
Major Russian companies are eager to invest in various Egyptian economic sectors, most notably the energy and natural gas sectors
Dana Gas to Overview Egypt Operations on June 24 Meeting
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1 financial statements
