News / Egypt
Orascom’s 250MW Power Plant to Begin Operations
Egypt’s ongoing efforts to boost its energy capacity received an early Ramadan lift as the contractor Orascom Construction announced that it has completed the first phase of the West Damietta power plant two weeks early.
Egypt Earmarks EGP 61bn for Fuel Subsidies
Egypt's draft 2015/2016 budget earmarks 61 billion Egyptian pounds ($8 billion) for fuel product subsidies, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday.
Noble Group Provides Egypt with LNG
Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning a closed tender launched two weeks ago, trade sources said.
Petroleum Ministry to Supply Market with 1.1m Butane Gas Cylinders Daily in Ramadan
The Ministry of Petroleum will increase butane supplies to 1.1m butane gas cylinders on a daily basis in June and July, reported state-owned news agency MENA Monday.
Update-2 Siemens in Need of $917m Loan to Implement 3 Power Plants in Egypt
German Siemens seeks to obtain a fund worth EGP 7 billion (US$917.3million) from a group of banks working in the Egyptian market, a senior source told Amwal Al Ghad Monday.
SIDPEC Invests $670m in Petrochemical Industry
Egypt's Sidi Kerir Petrochemicals Co – Sidpec is currently in charge of a number of new projects with investments estimated at US$670 million, chairman Ahmed Helmy stated Monday.
El Sewedy Electric to Invest $75m in a Solar Plant in Upper Egypt
Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt solar energy power plant in the Upper Egypt region.
GUPCO Placed EDFU A7 on Production
GUPCO announced that it successfully completed drilling the oil development well EDFU A7 in the Edfu field, reported Egypt Oil and Gas.
