News / Egypt

Circle Oil Attributes its Substantial Loss to Operations in Egypt, Oman

Circle Oil said it swung to a substantial pretax loss in 2014 after it booked impairments and write-offs related to its operations in Oman and Egypt and the fall in oil prices.

Egypt to Introduce 3rd Floating LNG Terminal

The Egyptian government is preparing the market for a possible third LNG import terminal for private use, even though the tender for the second is not settled and will not be for some time, sources say.

First 100% Solar Fueled Plane Introduced in Cairo Event

The embassy of Switzerland, Swiss companies Schindler and ABB, along with the Swiss-Egyptian Business Association (SEBA) held a conference in Cairo, where they presented the details of the zero-fuel airplane, the “Solar Impulse II”.

Egypt’s Petroleum Imports Up by a whopping 95%

Egypt's petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS report on Monday.

Egypt’s Petroleum Ministry Announces $2bn Exploration Deal with Eni

Egypt signed an exploration deal worth $2bn with Italian company Eni, the Petroleum Ministry said on Monday.

PetroShahd Rents Two Workover Rigs from SinoTharwa

EGPC agreed to lease two Workover rigs from SinoTharwa – ST-7 at 1000 horse power and ST-22at 650 – in order to carry out maintenance required to restore production capacity for 6 wells.

UAE’s Sultan bin Sheikh Khalifa Meets with Egypt’s Sherif Ismail

H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the UAE President has met with Eng. Sherif Ismail, Egypt's Minister of Petroleum and Mineral Resources.

Egypt-Jordan Gas Pipeline Bombed Again

For the thirtieth time, Arish natural gas pipeline was bombed Sunday by unknown assailants, leaving more than 10,000 houses in the city of North Sinai without gas supply, Youm7 reported. Two gas stations and a bakery are out of order. A team from the public prosecution opened an investigation to pursue the perpetrators. No one has claimed responsibility for the explosion.

Egypt to Build $6m Solar Power Plants for Congo

The Egyptian government plans to establish two solar power plants, worth $6m, in the Democratic Republic of the Congo with a capacity of 2 MW, in the framework of Egypt’s commitment to help Congo in its development process.

China to Build Nuclear Reactor in Egypt

A memorandum of understanding (MOU) to cooperate in the construction of power reactors has been signed between China National Nuclear Corporation (CNNC) and the Egyptian Nuclear Power Plant Authority (NPPA).

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