News / Egypt
Unstable Gas Supplies Affect Ezz el Dekheila
Egypt steel producer Al-Ezz Dekheila Steel Company, owned by Ezz Steel, announced Monday it has registered EGP 116m in net losses in the first quarter (Q1) of 2015. The latest figures are down from the EGP 144m in net losses achieved in the corresponding period in 2014.
Italy’s Building Energy to Build $200m Solar Project in Egypt
Italian-based Building Energy, a leader in renewable power, announced Monday it had signed an agreement worth $200 million to build two 50 MW photovoltaic plants in Egypt.
Bank Audi to Give 400m Loan to Electricity
Bank Audi-Egypt has participated in a loan that will be given to the Egyptian Electricity Holding Company (EEHC), according to Mohamed Abbas Fayed, Deputy Chairman & Managing Director of the bank.
Egypt Introduces New Line of Solar Panels
Prime Minister Ibrahim Mehleb inaugurated a production line for solar panels on Sunday, as Egypt continues to shift towards using renewable energy.
Egypt’s Gas Production on the Decline
Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014.
Hany Dahi Temporarily Takes Over Petroleum Ministry
Egypt's prime minister said on Thursday that Transport Minister Hany Dahi would temporarily take on the portfolio of the energy minister while he was travelling.
EGPC and Rosneft Sign Fuel Oil Supply Deal
Russia-based Rosneft has announced that it has signed and agreement with the Egyptian General Petroleum Corporation (EGPC) to supply oil products into Egypt.
EGAS Signs Deal with Norwegian’s PGS to Conduct Largest Mediterranean Seismec Project
Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said
