The Egyptian Natural Gas Holding Company (EGAS) will launch a bid round within few days for nine areas, including six areas offshore the East Mediterranean Sea and three areas onshore the Nile Delta.
Egypt intends to stop importing liquefied natural gas (LNG) by the end of fiscal year (FY) 2017/2018, which ends late June 2018, according to Minister of Petroleum, Tarek El Molla.
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.
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 will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
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 paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
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 is implementing a national plan to add 20,100 MW by 2020, boosting Egypt’s total electricity capacity to 58,100 MW.
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.
