News / Egypt
Egypt to Receive 2nd LNG Floating Terminal in August
Sherif Ismail, Minister of Petroleum announced the arrival of a second floating LNG terminal in August of this year, Reuters reported.
Investments worth $47bn to Be Pumped in the Petroleum Ministry
According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.
Egypt to List 3 State Owned Companies Petroleum Companies
The stock market can be a great platform for state-owned companies to finance their future plans.
3.25 bcf of Gas to Feed Increased Electricity Demand in Summer
President Abdel Fattah Al-Sisi met with Prime Minister Ibrahim Mehleb, Minister of Electricity Mohamed Shaker and Minister of Petroleum Sherif Ismail Sunday to discuss methods of reducing summer electricity blackouts.
Egypt Stocks Fall as Yemen Conflict Escalates
Egypt stocks plummeted on Sunday for the second consecutive session as the regional conflict in neighbouring Yemen pushed local investors to sell.
EGPC to Receive $3bn Loan from IDB
Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting a loan of $3bn to the Egyptian government.
Chairman of Egypt’s EGAS Visits Cyprus to Discuss Gas Imports
Egypt and Cyprus have activated the exchange of information between the two sides to start the technical and economic studies for the marine pipeline importing gas from Cyprus’ Aphrodite gas field.
Industry to Issue New Operating Licenses amidst Energy Crisis
The Ministry of Industry and Foreign Trade announced yesterday that it is working on new regulations for issuance of operating licenses for the steel and cement industries.
