News / Egypt

Petroleum Industry Promotions

The Minister of Petroleum Sherif Ismail approved the following promotions within state-owned companies.

$150 Mn Could Go to Egypt Energy Firms from ADIB

Abu Dhabi Islamic Bank (ADIB) is studying arranging a US$150 million financing for one of the energy firms in Egyp

AfDB Pledges $700 Mn to Egypt Energy, With More to Follow

The African Development Bank will allocate US$700 million for the support of energy sector projects in Egypt, AfDB president Donald Kaberuka said in the inaugural of the 50th Annual Meeting of the bank.

Transparency a Spur to Investment in Egypt, Crescent Petroleum

Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president

Egypt Energy Conference Highlights Need for Energy Mix

42% of electricity capacity spent in domestic use, only 35% goes to industrial use

Industrial Sector Hit By Sudden Gas Shortfall

Decision comes to save fuel for electricity; 3.2 cubic feet of gas pumped daily into power stations

Siemens-Built Electricity Projects to Go Public on EGX

The Egyptian government plans to list three companies with electricity projects that have a total capacity of 13,000 Megawatts,

Mashreq Petroleum to Establish Pipeline to Transport Oil from Port Said to the Mostorod Refinery

Mashreq Petroleum plans to construct a pipeline to transport crude oil from Port Said to Mostorod refining plant.

Bapetco Investing in New Wells to the Tune of $380 million

Emad Hamdi, Chairman Badr al-Din Petroleum Company (Bapetco), said his company will invest $ 380m during 2015-2016 to add new wells.

$45bn to be Pumped into Egypt’s Renewable Sector

Investment Minister Ashraf Salman said it is expected that investments worth $45bn will be pumped into Egypt's new and renewable energy sector over the next 10 years, state agency MENA reported on Monday.

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