News / Egypt
Butane Gas Crisis Is A Result of Weather Conditions: President Sisi
President Abdel-Fattah El-Sisi stated that the current butane gas shortage crisis in Egypt was caused by the wintery weather conditions that delayed the butane shipments to Egypt.
Gazprom to Provide Egypt 35 LNG Shipments Over Five Years
Petroleum Minister Sherif Ismail announced Tuesday an initial agreement has been made with Russia’s Gazprom to supply around 35 shipments of liquefied natural gas (LNG) over the next five years.
GPC Invites E&P Companies to New Bid Round in South Sinai
The General Petroleum Company (GPC) invites companies in the of oil and gas exploration and production (E&P) field to submit offers for undertaking E&P services in GPC concession area in South Sinai; in order to maximize and stimulate production from proved and unproved reserves in discovered fields, and to explore the unexplored areas, achieving the optimal development of this area.
Mostorod Refinery Project to Utilize $2.7 Billion in 2015/2016
Approximately $2.7 billion will be utilised throughout 2015 and 2016 to complete the implementation of the Egyptian Refining Company’s (ERC) project in Mostorod, according to Wael Al-Orabi, the company’s Commercial Director.
GE Willing to Participate in Renewable Energy Plant
General Electric (GE) has expressed its willingness to participate in constructing new and renewable energy plants in Egypt, the GE Vice President said according to a Monday cabinet press release.
35% Savings on Petroleum Subsidies Due to Oil Prices Decline
Savings on petroleum product subsidies will reach an estimated 35% of the current value of EGP 100 billion for the FY 2014/2015 budget if current oil prices continue as is, Minister of Petroleum Sherif Ismail said.
Egypt to Reach LNG Agreement with Gazprom This Month
Egypt and Russia's Gazprom are to reach an agreement for the company to supply LNG shipments later this month, Egyptian Oil Minister Sharif Ismail told Reuters.
Access Pre-qualifies to Develop Wind and Solar Power Plants
Access Infra Africa ('Access'), a wholly owned subsidiary of Access Power MEA, and its consortium partner Eren, a leading global investor in power projects, have been pre-qualified by Egypt's Ministry of Electricity and Energy to develop large scale wind and solar power plants as part of the first round of Egypt's renewable energy procurement program.
