Austria's AE&E Group has won a service contract for the Ataka power station from the Egyptian East Delta Electricity Production Company (EDEPC) for the comprehensive modernization of steam generators 1 and 2 at the power plant.
Egypt plans to launch its first privately owned wind farm in 2013 under an ambitious climate change strategy that includes producing a fifth of its power from renewable energy sources by 2020.
Reuters reported that Egypt looks set to extend 2 year moratorium on new gas export deals to meet surging domestic demand, a move that will disappoint some majors eyeing deals to develop reserves for overseas customers.
Egypt has recorded 61 % of the oil finds of the Organization of Arab Petroleum Exporting Countries (OAPEC) member states in the period from 2005 to 2009, Egyptian Minister of Petroleum Sameh Fahmi said Saturday.
Egypt will allow new factories to import gas and coal starting from 2015, a minister said on Tuesday, saying expansion in industrial projects should continue, even if local energy supplies did not meet domestic needs.
El Hamra Oil Company revealed its preparations to develop three new wells in its acquisition area in El Alamein. The company will be using the Electric Submersible Pump
Al Amir Petroleum Company (PetroAmir) is preparing to drill a new exploratory well, in the North West Gemsa Field, in its acquisition area of the Gulf of Suez.
El Waha Petroleum Co. (previously known as OWAPCO) is studying the implementation of water injection project in collaboration with Weatherford Company.