News / Egypt

Sousa: Petroleum Sector Preparing for New Investments Worth $10bn

The First Undersecretary for Gas Affairs at Egypt’s Petroleum Ministry, Sherif Sousa, said Egypt plans to propose projects amounting to $10bn, along with other investments at $9bn. The plan also includes petrochemical projects with investments worth $6.2bn.

Italian Delegation Looking into Further Oil, Gas, Electricity, Renewables Cooperation

A high-ranking Italian economic delegation comprising of five officials headed by Deputy Minister of Economic Development Carlo Kalinda arrived in Cairo today to discuss how to support and enhance economic cooperation between the two countries.

Egypt’s Natural Gas Investments Total $13bn: Official

The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said Monday.

Egypt’s Carbon Holdings Hopes to Conclude $4bn Debt Financing

Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said on Monday.

Gas Shortages and Unproductive Usages Plague Suez Cement

Suez Cement has invested approximately EGP 12bn since its operation in Egypt began, but has not maintained its gas supply for two months without facing cuts

Approvals for Orascom Solar Project Still Pending

Orascom Telecom awaits solar energy project PPA, says deputy executive director

Ganoub El Wadi Selling Data Packs for Gulf of Suez Zones

Four companies are purchasing data for four zones in the Gulf of Suez

Ethanol Production to Utilize Rice Straw in Renewables Drive

Rice straw will be used to produce ethanol, which will be used to produce electricity

Investment Minister: Billions Coming into Renewables, but Land and Currency Problems Still Need Resolution

Government seeks to resolve land shortage, foreign currency crisis, with both still being studied by Economic Group, says Salman

EGAS Goes to Finance Ministry to Purchase LNG

The Egyptian Natural Gas Holding Company (EGAS) has said it requested EGP30 billion from the Finance Ministry for the 2015-2016 fiscal year to finance the purchase of liquefied natural gas.

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