Cabinet Rejects Rumors of Fuel Price Increase
The media department of the Egyptian cabinet has rejected rumors about a new fuel price increase in 2018 to decrease the budget deficit.
Egypt | Egypt Oil & Gas - Part 263
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
Egypt to Establish Oil Pipeline between Ain Sokhna and El Tebbin
Egypt plans to establish a pipeline to transport petroleum products from Ain Sokhna to El Tebbin and then to Mostorod and Upper Egypt.
IRENA: Egypt Could Generate 53% Electricity from Renewables by 2030
Egypt could produce up to 53% of its electricity from renewable resources by 2030, saving the government up to $900 million each year.
El Molla Requests Budget Increase for Fuel Subsidies
Egyptian President Abdel Fattah El Sisi has revealed that petroleum minister Tarek El Molla requested increasing fuel subsidy allocations to $125 billion.
Enppi, Technip, ANOPC Sign Refining Agreement
Engineering for the Petroleum & Process Industries (Enppi) has signed an agreement with Technip and Assiut National Oil Processing Company (ANOPC) to begin preparations for the construction of the mazut hydrogen c ...
Sidpec Seeks Acquiring a Chemical Company
Sidi Kerir Petrochemicals Company (Sidpec) held a board meeting to discuss acquiring one of the Egyptian chemicals' companies.
Financial Institutions to Fund Egypt-Cyprus Gas Pipeline
Four investment banks have shown interest in funding the natural gas pipeline linking Cyprus's Aphrodite field to Egyptian liquefaction facilities, a Cypriot official involved in the country’s energy sector stated ...
Egypt, Greece, Cyprus Establish East Mediterranean Gas Forum
Egyptian President Abdel Fattah El Sisi has agreed with his Cypriot counterpart, Nicos Anastasiades, and Greek Prime Minister Alexis Tsipras to establish an Eastern Mediterranean gas forum to be headquartered in C ...
Enppi to Issue GDRs on London Stock Exchange
The Egyptian government plans to issue global depository receipts (GDRs) for Engineering for the Petroleum & Process Industries (Enppi) on the London Stock Exchange (LSE).
