News / Egypt
New Increase in Electricity Prices
The Electricity Ministry announced an increase in electricity prices to take place at the beginning of the 2015-2016 fiscal year, in July.
Petroleum Industry Promotions
The Minister of Petroleum Sherif Ismail approved the following promotions within state-owned companies.
The Second Annual Energy Investment Conference in Egypt to Kickoff May-25
The second annual Energy and Future of Investment in Egypt Conference is scheduled to take place in Cairo May 25. The conference will be held under the auspices of Egypt’s Petroleum Minister Sherif Ismail and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker.
Update: Egypt to Receive 2nd LNG Floating Terminal
After Ministry of Petroleum's announcement earlier last month of the arrival of a 2nd terminal in August of this year. EGAS reported that plans to receive the floating terminal in Ain Sokhna have changed for security reasons.
Petroleum Ministry Owes EGP 100Bn to Finance Ministry
The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.
Consortium of 10 Banks to Loan the EEHC
A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms.
Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
Egyptian State Company to Present Solar Project in Aswan
The Egyptian State company proposed a megaproject to generate 100 megawatts of energy using solar power in Upper Egypt's Aswan .
