News / Egypt
$9.6 Billion for Egyptian-Owned Coal Power Plant
The Electricity Ministry said on Tuesday it has signed a memorandum of understanding (MOU) with the joint-stock petroleum company Tharwa for the construction of a coal-powered, 6,000-megawatt electricity station with investments worth $9.6 billion.
Tarek El Molla: EGPC Forging Ahead with Iraq Project
The Egyptian General Petroleum Corporation (EGPC) plans to start crude oil production in South Iraq’s “9” zone by the beginning of 2016. EGPC has a 10% stake of Kuwait Energy in the privileged area.
Private Egyptian Customers to Buy $1.2 Billion Worth of Tamar’s Natural Gas
A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel.
Gazprom Makes 5-Year Commitment to Supply Egypt with LNG
Russia's portfolio seller Gazprom has signed a contract with EGAS for the supply of 35 cargoes of LNG, Egypt's Ministry of Petroleum
Islamic Development Bank to Provide Funding for EGPC Imports
Egypt's EGPC recently announced in a press release that the framework agreement with the Islamic Development Bank (IDB) to finance Egypt’s petrol, diesel and butane needs will help ease the financial bottlenecks faced by EGPC in finding the hard currency needed for imports, as well as increasing the quantities imported.
Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency
The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview with El-Mal newspaper.
Egypt Signs $23.5 Billion Oil, Gas and Mining Agreements at EEDC
Several agreements were signed in oil, gas and mining sectors were signed at the recent Economic Summit, under the supervision of Minister of Petroleum Sherif Ismail, according to Summit-organiser Hill+Knowlton.
Update: 100% of West Nile Delta Gas to Go to National Grid, says BP
The West Nile Delta (WND) agreement, signed in March 2015, enables BP and its partner to develop five trillion cubic feet of gas resources and 55 million barrels of condensate in the North Alexandria and West Mediterranean Deep Water areas.
