Egypt Ready to Export Electricity to Sudan by End of March
The Egyptian Ministry of Electricity could provide up to 40 megawatts to Sudan
The Egyptian Ministry of Electricity could provide up to 40 megawatts to Sudan
The protocol comes within the framework of the Human Development Program initiative, which is a part of the MoP's Modernization project that aims at training human resources and boosting their efficiency.
The company will commence a pilot operation of the projects, one by one starting March 2019
Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.
Misr Petroleum sells around 15 million liters of diesel and 6 million liters of 80-octane gasoline every day
CIB is arranging the $80 million loan for ERC to fund the general capital.
The company exports its product to Middle Eastern and North African countries, as well as some countries in Asia and South America.
The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline
ENOC Group signed a JV agreement with Proserv Egypt in order to establish ENOC Misr, ENOC Group's first on-ground operations in Egypt's lubricants sector.
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.