IMF Recommends Further Cuts of Fuel Subsidies
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.
Egypt | Egypt Oil & Gas - Part 291
Ganope Surveys 4,200 km of Red Sea Water to Attract Investors
South Valley Egyptian Petroleum Holding Company (Ganope) surveyed 4,200 km of Red Sea water out of 10,000 km, in addition to other areas in Upper Egypt.
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
EGAS to Boost Gas Production to 7 bcf/d by End of 2018/2019
EGAS plans to drill and develop natural gas fields in the Mediterranean Sea in order to boost production to around 6 billion cubic feet per day (bcf/d) by the end of fiscal year (FY) 2017/2018, which will graduall ...
Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
Electricity Exports Reach 747 GWH in 2015/2016
Egypt’s electricity exports reached 747 GWH during FY 2015/2016, while electricity imports recorded 54 GWH in the same FY, declining by 69.8% from the 179 GWH imports in 2002/2003.
Egypt to Add 20,000 MW in 2 Years
Egypt is implementing a national plan to add 20,100 MW by 2020, boosting Egypt’s total electricity capacity to 58,100 MW.
Total, Emak Extend Partnership
Total Egypt and Emak For Contracting Company have agreed to extend the strategic partnership from 2021 to 2038 in order to execute a number of new investment projects in Marsa Alam, Egypt.
Egyptian Cabinet Approves EBRD $200 M Loan
Egyptian Cabinet has approved the $200 million loan agreement with the European Bank for Reconstruction and Development (EBRD), which is set to finance the modernization of a number of selected gas infrastructure ...
GPC to Drill 18 Wells in 2018/2019
The General Petroleum Company (GPC) plans to drill 5 exploratory wells and 13 development wells, as well as maintain and complete 27 wells during FY 2018/2019.
