Egypt | Egypt Oil & Gas - Part 300

Egypt Spent EGP 23.8 B on Fuel Subsidies in Q1 2017/2018

Egypt has spent total EGP 23.8 billion on subsiding different petroleum products in the first quarter of fiscal year (FY) 2017/2018, saving EGP 4 billion from the allocated EGP 27.7 billion in the FY's budget.

Egypt Production of Electricity Rose by 5.3%

Egypt's production of electricity increased by 5.3% year on year (Y.o.Y) as it reached 19.7 kWh in August 2017, compared to 18.7 kWh in August 2016.

Atoll Starts Production at 300 MSCF/D

Initial production from Egypt's Atoll natural gas field started at a rate of 300 million standard cubic feet per day (mscf/d).

Egypt to Sign Strategic Partnership with EU

Egyptian Minister of Petroleum, Tarek El Molla, agreed with EU Commissioner, Miguel Arias, to sign a strategic partnership memorandum of understanding (MoU) between Egypt and EU.

Egypt to Establish Nuclear Power Regulator in January

Ministry of Electricity is planning to finish establishing the nuclear power industry regulator, and its working on appointing officials for it in January 2018.

Egypt to Receive IMF Loan Tranche in December

Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.

Egypt Takes Part in Rome 2017 Mediterranean Dialogue

The Egyptian Minister of Petroleum, Tarek El Molla, has represented Egypt at the Rome 2017 Mediterranean Dialogue, through the part he has taken in the 3rd Edition of Ministerial Dialogue.

Egypt Launches New Photovoltaic Power Connection

Egypt has launched its first photovoltaic energy connection project. Dubbed Grid-connected Photovoltaic Power Systems – Egypt PV, the project is executed by the United Nations Development Program (UNDP) and the In ...

Merlon to Invest $66 M in E&P in Egypt

Merlon has allocated $66 million investments in fiscal year (FY) 2-18/2019 budget for exploration and production E&P operations in Egypt.

Egypt Gas Signs EGP 66.9M Protocol with NUCA

Egypt Gas Company has signed a cooperation protocol worth EGP 66.9 million with Egypt's New Urban Communities Authority (NUCA).

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