Egypt, Uganda Sign Energy Agreement
The Egypt Ministry of Electricity and Renewable Energy and Ugandan Ministry of Energy and Mineral Development signed an agreement to establish a 4MW solar power plant in Uganda.
The Egypt Ministry of Electricity and Renewable Energy and Ugandan Ministry of Energy and Mineral Development signed an agreement to establish a 4MW solar power plant in Uganda.
Eni has begun drilling a second well in the Faghur basin, located in the Western Desert's West Meleiha concession.
The Egyptian government is determined to complete the energy subsidies’ reforms within the framework of the economic reform program agreed upon with the International Monetary Fund (IMF).
The Egyptian Electricity Transmission Company will soon launch a legal tender for companies to execute the transformers substation and lines for the electricity linkage project with Sudan.
Debts owed by the Egyptian energy sector have reached around EGP 800 billion.
The daily output of Egypt’s Zohr natural gas field has reached 900 million standard cubic feet (mscf) after the second and third lines were linked to production.
A delegation from the International Monetary Fund (IMF) arrived in Egypt on May 4 to conduct the third review of Egypt's economic reform program.
Egypt plans to develop refineries during the upcoming four years to decrease the import rate of petroleum products to 5%, compared to the current rate of 35%.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, is to launch the National Petrochemical Alliance Conference on May 8.
Eni has made a new oil discovery in Egypt's Faghur basin, located in the Western Desert.