News / Egypt
Ministry to Increase LPG Cylinders Supply by 150%
Petroleum Minister Sherif Ismail has agreed to increase the pumping of Liquified Petroleum Gas (LPG) rates to 150% to resolve the crisis of LPG cylinders in many governorates, said Supply and Internal Trade Minister Khaled Hanafy.
Ganoub El-Wadi Makes New Oil Discovery
Ganoub El Wadi Petroleum Holding Company announced a new petroleum discovery 30 km from Hurghada.
Petroleum Prices to Increase before FY 2015/16
Egypt's government aims to increase the prices of petroleum products before fiscal year 2015/16, according to Al-Mal newspaper. The decision represents the second phase of the five-year plan for the gradual reduction of energy subsidies.
Egypt to Halt LNG Imports by 2020: Sherif Ismail
Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed.
EGAS Announces New Bid Round
EGAS announced a new international bid round for 2015 for 8 Blocks in the Mediterranean Sea with a total area of 11,849 km2.
JICA to Set Up 200MW Wind Farm in Gabal el-Zeit
Egypt and Japan International Cooperation Agency (JICA) signed a contract on Thursday 19/02/2015 to set up a 200-megawatt wind farm in Gabal el-Zeit area in the Gulf of Suez at a total cost of EGP 1938.9 million.
Eni to Increase Investments in Egypt
President Abdel Fatah al-Sisi met Saturday with Chief Executive Officer of Italian oil producer Eni, Claudio Descalzi, who announced that his company intends to increase its investments in Egypt in the coming period.
Sameh Fahmy Acquitted from Corruption Charges
An Egyptian court has cleared former petroleum minister Sameh Fahmi of corruption charges linked to a highly controversial gas deal with Israel, a judicial source said on Saturday. Five other former ministry official were also cleared, the official told Anadolu Agency.
