News / Egypt
Egypt, IFC Launch Energy Efficiency Program
Egypt and the International Finance Corporation have agreed to a $2.3m deal to improve energy efficiency and pollution in Egyptian industry.
Gas Ruling Forces Egypt to Pay $2b to Israel, Government to Appeal
The International Chamber of Commerce has ruled against the EGPC and EGAS in its long-standing contract dispute with Israel over halted gas exports. The Egyptian government is appealing the ruling and has halted current energy negotiations with Israel.
IGU Issues a Study on Gas Use Impact in Mega-Cities
The International Gas Union (IGU) has published a major study emphasizing the immediate importance of air quality beyond the 2 degrees, and carbon reduction debates, while at the same time highlighting the enhanced use of natural gas in emissions reduction efforts.
EBRD to Boost Egypt’s Energy Sector with $170m
The EBRD has arranged a $170m loan facility to support safety standards in Egypt's energy sector.
Egyptian Solar Projects Increasing, Exports Possible by 2020
The European Bank for Reconstruction and Development (EBRD) has allocated $500m to finance solar energy in Egypt in 2016 - a part of a larger renewables effort, which may allow Egypt to export solar-generated energy by 2020, according to REC Group.
Egypt, India in Talks over Industry Trade
Minister of Petroleum and Mineral Resources, Tarek El-Molla met with Ambassador of India, Sanjay Bhattacharyya to explore ways to strengthen bilateral relations between the two countries in oil, gas and petrochemicals seeking mutual economic benefits, reported Egypt Oil & Gas.
Shell, Misr El-Kheir Foundation to Provide Entrepreneurship Training for Young Egyptians
Shell has announced the expansion of its “Intilaaqah Egypt Program” to include a 12-month training for 500 young Egyptian entrepreneurs helping them start their own businesses in 2016. CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
