News / Egypt
MIDOR Signs $1.4 bn Deal to Expand Refinery
Egypt’s state-run petroleum refinery MIDOR has signed two deals worth $1.4 billion with US-based engineering company UOP to raise its capacity.
IFC to invest $ 2 bn in Egypt’s Energy and Infrastructure
The International Finance Corporation (IFC), a subsidiary of the World Bank in charge of the private sector, plans to invest 1.2 to $ 2 billion in Egypt over the next four years.
Egypt’s Bond Rating Upgraded to B3
For the first time since 2012 credit ratings provider Moody's upgraded the Egyptian government's bond rating to B3.
Egypt to Shift Focus to Renewables
The government announced a string of plans to add a combined capacity of 4.3 gigawatt hours to the country's grid and the introduction of a new feed-in tariff system aimed at encouraging private investment.
Egypt to Export Gas by 2020
With all the news on Egypt's struggles to meet its own energy needs Prime Minister Ibrahim Mahlab announced that Egypt has a well-defined future energy strategy.
UPDATE: New Well a Success in Western Desert, States Kuwait Energy Press Release
Kuwait Energy ("the Company") an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the exploration well ASH-1ST on the Abu Sennan concession, located in the Western Desert onshore Egypt discovered hydrocarbons in the Alam El Bueib (Early Cretaceous) Formation.
Toyota to Invest in Egypt´s Renewable Energy
Toyota will invest over $1.5 billion in gas exploration in Egypt’s Mediterranean and renewable energy, according to a Tuesday statement by the Egyptian Foreign Ministry.
Solar Energy to Irrigate 220,000 Acres in Kom Ombo
The Egyptian-Emirates Group has signed a MoU with the Egyptian Minister of Agriculture to develop a plan regarding the reclamation of 220,000 acres in Kom Ombo, Aswan, using solar energy
