News / Egypt

Tarek El Molla Meets with King Abdullah

King Abdullah voiced his support for the effort to build a pipeline from Basra, Iraq to Aqaba, Jordan and on to Egypt. The King voiced his desire for greater cooperation in the fields of energy cooperation and coordination due to the important role energy can play in alleviating regional problems.

Egypt Submits Proposal for UN Climate Change Conference

the Egyptian government submitted a proposal for its contribution to the UN climate pact, in preparation for the December Paris Conference.

Sisi Orders Finalization of Russian Nuclear Project

Ahram Online reports that President Sisi has asked top government officials to finalize legal and technical procedures related to a Russian bid to build a nuclear power plant in Dabaa, on Egypt’s north coast.

Oil Ministers of Egypt, Jordan, Iraq Sign MoU

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, Jordanian Minister of Petroleum and Mineral Resources, Ibrahim Saif, and the Iraqi Oil Minister, Adel Abdul Mahd, signed a memorandum of understanding in Amman to support cooperation in the oil and natural gas fields between the three countries, reports Egypt Oil & Gas.

ISIS Leader Linked to Death of Apache Employee

The Egyptian government announced on November 9th that Ashraf Ali Ali Hassanein al Gharabli, a leader of the Sinai branch of ISIS, was killed by police during a firefight in Cairo’s El Marg district.

Eni Amends Concession Agreements with Egypt

Eni’s Egyptian subsidiary, IEOC, has signed 3 new amendments to its agreements with the Egyptian government. In a November 12th press release, the company announced the amendments for their concessions of Sinai 12 and Abu Madi, North Port Said, and Baltim. The company also announced a new concession agreement named “Ashrafi,” which will be a partnership with French electric utility company Engie.

Noble Energy: Still Room for Gas Exports to Egypt

“Reports of the death of the (gas) market in Egypt have been greatly exaggerated” says Noble Energy Vice President and Country Manager for Cyprus Gene Kornegay. The Noble Executive spoke at The Economist Cyprus Summit in Nicosia on Tuesday, stating that the company remains confident that despite the massive Zohr Field discovery, Egypt will remain a strong market for natural gas in the immediate future.

Azerbaijan to Enter Egypt’s Petrochemical Industry

SOCAR, Azerbaijan’s state-owned energy company, is interested in taking a stake in Egyptian oil refineries, Reuters reports.

“Egyptians Against Coal” Aims to Eliminate Coal Usage in Egypt by 2017

An Egyptian environmental coalition named “Egyptians Against Coal” (EAC) released a statement today calling for the end of coal usage in Egypt by 2017. The grassroots movement objects to coal being used for industrial use and electricity generation due to its “hazardous environmental threats,” according to the statement.

El Molla: Fuel Subsidy Cuts Reducing Budget Deficit

Egyptian Petroleum Minister, Tarek El Molla, said that cuts in fuel subsidies are quickly reducing Egypt’s budget deficit. The Financial Times reports that spending on fuel subsidies will be reduced from $9b in fiscal year 2014/2015 to $7.7b this cycle.

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