Egypt, Russia to Sign Nuclear Plant Agreement this Week
Egypt and Russia will sign an $30 billion agreement to establish a nuclear power plant at El Dabaa this week.
Egypt and Russia will sign an $30 billion agreement to establish a nuclear power plant at El Dabaa this week.
The Egyptian Ministry of Electricity and Renewable Energy signed a $400 million agreement with a private sector company to establish a wind farm.
The Egyptian General Petroleum Corporation (EGPC) signed three oil and gas exploration and production (E&P) agreements worth $50 million.
Two burners at the onshore natural gas treatment plant at the Zohr natural gas field conducted trial operations.
Consumption of diesel dropped to 1.082 million tons in September, an 18% year-on-year (Y.o.Y) decrease from the 1.3225 million tons consumed in September 2016.
Noble Energy expressed interest in investing in Egypt’s oil and gas sector and the possibility of linking the natural gas fields off Cyprus to Egypt's natural gas infrastructure.
Egypt's gas flaring is enough to cover 5% of domestic electricity production, Director and Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD), Eric Rasmussen, stated.
Total Egypt plans to establish 9 new gas stations in 2018. The stations are planned to be launched in Alexandria, Delta region, and Cairo.
Ministry of Electricity and Renewable Energy plans to launch tenders for the establishment of 500 MW solar power plants during the first quarter of 2018.
Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Partnership at the World Bank, Bjorn Hamso, stated, adding that Egypt jumped from the 9th to the 11th place.