News / Egypt
Update-1: Egypt’s Deal with Roseneft
Egypt and Russia's top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday.
Egypt to Launch Renewable Tender
Egypt’s New and Renewable Energy Authority (NREA) plans to invite bids within weeks to set up solar and wind power plants with total capacities exceeding 2,000 MW, a report said.
Egypt’s Debt to Foreign Oil Companies Up by 6.1%
Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday.
EGAS Will Raise Gas Prices Paid to Eni and Edison
Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday.
Local Companies Bidding on Upper Egypt Solar Project
The Upper Egypt Electricity Distribution Company (UEEDC) has received three proposals from local companies to establish a solar energy station with a total capacity of 8 MW.
Sisi Ratifies New Budget, $8m Earmarked for Fuel Subsidies
Egypt's President Abdel Fattah El-Sisi on Thursday ratified the state budget for the fiscal year 2015/16 following amendments by the ministry of finance to slash projected budget deficit, according to Egyptian state TV.
IFC to Give $50m Loan to Egypt’s PICO
IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's most populous state.
Egypt Buys 290 Natural Gas Fueled Buses from Ukraine
The Public Transport Authority signed a contract with the Ukrainian City Transport Group for the supply of 290 natural gas-fueled buses in the Cairo Governorate with fund of EGP 500m.
