Kuwait Energy Company is looking forward to expanding its success in the company’s concessions in Egypt, and participating in international oil and gas international tenders launched by the Egyptian oil and gas se ...
Xodus Group appointed Salah Farid Tantawy as its first general manager in Egypt as it plans to boost its track record in the North African country and aims for new contracts.
The Egyptian cabinet announced allocating EGP 4.5 billion to connect 1.35 million residential units to the national gas grid by the end of 2018.
A summary of the week’s important macroeconomic updates and indicators on one page, for your convenience.
Egypt’s production of natural gas increased by 1.6 bcf/d in 2017, up to 5.5 bcf/d, said Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources.
Once the plant starts operations, it will decrease the country's need for diesel by around 50% and that of imported gasoline by 20%.
The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.
The International Islamic Financial Corporation (ITFC) opens a line of credit (LOC) worth $400 million for Egypt to purchase petroleum products.
Egyptian President, Abdel Fattah El Sisi, urges to connect 1.4 million households to the national gas grid in 2018.
The Egyptian Ministry of Electricity and Renewable Energy plans to develop a strategy that will minimize borrowing risks for loans, aimed at increasing investments in energy efficiency.
