News / Egypt

Egypt’s Petroleum Ministry Announces $2bn Exploration Deal with Eni

Egypt signed an exploration deal worth $2bn with Italian company Eni, the Petroleum Ministry said on Monday.

PetroShahd Rents Two Workover Rigs from SinoTharwa

EGPC agreed to lease two Workover rigs from SinoTharwa – ST-7 at 1000 horse power and ST-22at 650 – in order to carry out maintenance required to restore production capacity for 6 wells.

UAE’s Sultan bin Sheikh Khalifa Meets with Egypt’s Sherif Ismail

H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the UAE President has met with Eng. Sherif Ismail, Egypt's Minister of Petroleum and Mineral Resources.

Egypt-Jordan Gas Pipeline Bombed Again

For the thirtieth time, Arish natural gas pipeline was bombed Sunday by unknown assailants, leaving more than 10,000 houses in the city of North Sinai without gas supply, Youm7 reported. Two gas stations and a bakery are out of order. A team from the public prosecution opened an investigation to pursue the perpetrators. No one has claimed responsibility for the explosion.

Egypt to Build $6m Solar Power Plants for Congo

The Egyptian government plans to establish two solar power plants, worth $6m, in the Democratic Republic of the Congo with a capacity of 2 MW, in the framework of Egypt’s commitment to help Congo in its development process.

China to Build Nuclear Reactor in Egypt

A memorandum of understanding (MOU) to cooperate in the construction of power reactors has been signed between China National Nuclear Corporation (CNNC) and the Egyptian Nuclear Power Plant Authority (NPPA).

Petroleum Industry Promotions

The Minister of Petroleum Sherif Ismail approved the following promotions within state-owned companies.

$150 Mn Could Go to Egypt Energy Firms from ADIB

Abu Dhabi Islamic Bank (ADIB) is studying arranging a US$150 million financing for one of the energy firms in Egyp

AfDB Pledges $700 Mn to Egypt Energy, With More to Follow

The African Development Bank will allocate US$700 million for the support of energy sector projects in Egypt, AfDB president Donald Kaberuka said in the inaugural of the 50th Annual Meeting of the bank.

Transparency a Spur to Investment in Egypt, Crescent Petroleum

Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president

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