Electricity Receives EGP 3 B from Subsidies Allocations
The Egyptian Ministry of Electricity and Renewable Energy received EGP 3 billion late December as a part of the amounts allocated for electricity subsidies.
Egypt | Egypt Oil & Gas - Part 294
ACWA Power Reaches Financial Closure of 3 Solar Plants in Answan
Saudi Arabia’s ACWA Power Company reached the financial closure for the development, construction, and operation of solar power projects at the Benban complex in Upper Egypt's Aswan.
Egypt’s Growth to Reach 4.5% in 2017/2018
Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate.
TransGlobe Energy Allocates $29.1 M for Egypt in 2018 Budget
TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada.
Total Egypt to Construct 220 Solar Power Plants
Total Egypt has assigned Complete Energy Solutions (CES) to prepare a feasibility study for the establishment of 220 solar power plants with capacities varying between 60 kilowatts and 200 kilowatts per plant.
DEA to Increase Investments in Disouq, Gulf of Suez
DEA Deutsche Erdoel AG has plans to inject more investments in Disouq and the Gulf of Suez, DEA’s CEO, Maria Moraeus Hanssen, stated.
Egypt to Generate Electricity from Water Plants
The Egyptian electricity sector is taking steps to establish first power plant in the Middle East to generate electricity from water stations using pumping and storage technology.
Petrogas to Fill 3.9 M Tons of Butane in 2018/2019
Petroleum Gas Company (Petrogas) plans to fill around 3.9 million tons of butane during fiscal year (FY) 2018/2019 in order to meet local market’s demands, Petrogas’ Head, Adel Al Shuwaikh, stated.
Egypt, ATKINS Discuss Renewable Energy Projects
UK’s ATKINS shows interest in Egypt’s renewable energy cooperation, especially in the wind energy field.
Finance Ministry Announces Petroleum Services Subject to VAT
Egypt’s Ministry of Finance has announced a list of 20 products and services related to oil and gas exploration and production (E&P) and export activities to be subject to the value added tariff (VAT) as they will ...
