News / Egypt

AfDB Pledges $700 Mn to Egypt Energy, With More to Follow

The African Development Bank will allocate US$700 million for the support of energy sector projects in Egypt, AfDB president Donald Kaberuka said in the inaugural of the 50th Annual Meeting of the bank.

Transparency a Spur to Investment in Egypt, Crescent Petroleum

Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president

Egypt Energy Conference Highlights Need for Energy Mix

42% of electricity capacity spent in domestic use, only 35% goes to industrial use

Industrial Sector Hit By Sudden Gas Shortfall

Decision comes to save fuel for electricity; 3.2 cubic feet of gas pumped daily into power stations

Siemens-Built Electricity Projects to Go Public on EGX

The Egyptian government plans to list three companies with electricity projects that have a total capacity of 13,000 Megawatts,

Mashreq Petroleum to Establish Pipeline to Transport Oil from Port Said to the Mostorod Refinery

Mashreq Petroleum plans to construct a pipeline to transport crude oil from Port Said to Mostorod refining plant.

Bapetco Investing in New Wells to the Tune of $380 million

Emad Hamdi, Chairman Badr al-Din Petroleum Company (Bapetco), said his company will invest $ 380m during 2015-2016 to add new wells.

$45bn to be Pumped into Egypt’s Renewable Sector

Investment Minister Ashraf Salman said it is expected that investments worth $45bn will be pumped into Egypt's new and renewable energy sector over the next 10 years, state agency MENA reported on Monday.

El-Hamra Oil to Inject $70m Investment Over the Next Fiscal Year

Chairman El-Hamra Oil Osama Nassif announced that his company is planning to inject investments worth $ 70 million over the next fiscal year 2015-2016,

Egypt to Extend Mediterranean Gas Exploration Tender

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boost domestic energy production.

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