Egyptian investment company Qalaa Holdings and Italian gas company Edison signed a Joint Development Agreement on Thursday to build a 180 MW power plant in Egypt.
Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of 21.2 million barrels of oil and 11 billion cubic feet of gas.
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of US$2.9 billion with Egypt-based companies for upgrades of two refineries there.
A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday.
The Egyptian Natural Gas Holding Company (EGAS) issued a second international bid for foreign companies to supply 45 liquefied natural gas (LNG) shipments until the end of 2016.
Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.