News / Egypt
Gupco’s GS277 Field Reserves Climb to 4mmbls
Gupco completed the drilling of an exploration well, GS277-A5, in order to explore along the eastern part of the GS277 field.
Update-1 El Sewedy wins Part of Siemens’ $9bn Power plant
Egyptian cable company El Sewedy Electric announced it had won a 785m euro portion of a 2 billion euro ($2.27 billion) deal to build a combined cycle power plant in Beni Suef, south of Cairo, in a consortium with Germany's Siemens.
Saudi- Egyptian Cooperation in the Electricity Sector
Saudi Arabia's water and electricity minister, Abdullah Ben Abdelrahman Al-Hussein, arrived in Cairo to meet with officials over possible cooperation between Egypt and Saudi Arabia, state news agency MENA reported.
15m Household Units to be Exempt from July’s Electricity Bills
A government committee is set to exempt millions of subscribers from an upcoming electricity price hike, following a Sunday presidential decision to ease the financial burden on poorer citizens, reported state-owned Al-Ahram.
Cyprus to Export Gas to Egypt
The Aphrodite natural gas field off Cyprus has been proven to be commercially viable and plans include producing 8bcm a year and construction of a pipeline to Egypt for exporting.
Tiba-Qena 4km Road Lit by Solar Energy
Minister of Housing Mostafa Madbouly announced the launch of the the first central solar energy plant lighting along 4km of the Tiba-Qena eastern desert road.
Egypt Foreign Reserves Fall to $19.5Bn
Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.
Dana Gas Begins Drilling in Balsam-2
Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta.
