Egypt | Egypt Oil & Gas - Part 316
Van Ord Won Subsea Contract
Subsea 7 awarded Van Oord contracts to establish landfall and execute subsea rock installation works BP’s West Nile Delta project. This includes the development of gas fields located 65km from Egypt's North Coast.
China to invest in Waste-to-Energy Plants
China Electric Power Company submitted an offer to the Egyptian Ministry of Electricity and Renewable Energy to establish waste-to-energy power plants.
GE to Expand Services in Egypt
GE Oil & Gas has announced the expansion of its services facility in Egypt with the addition of 2,000sqm in the industrial free zone to reach a total of 5000sqm.
Egypt, Azerbaijan Signed MoU
The Egyptian Minister of Petroleum, Tarek El Molla, witness the signing of a memorandum of understanding (MoU) between the Egyptian General Petroleum Corporation (EGPC) and Azerbaijan's Socar Company.
Egypt Raised Pump Prices
The Egyptian Ministry of Petroleum increased petrol price early November in a move to alleviate fuel subsidy expenditure within the country's economic reform program. The government has implemented the new prices upo ...
Egypt Devalued The EGP
Egypt has devalued its currency by 48%. The devaluation pegged the Egyptian pound at 13 to the dollar, up from nearly nine on the official market
Egypt to Buy Oil from Iraq
The Egyptian Minister of Petroleum, Tarek El Molla, signed a memorandum of understanding (MoU) to import oil from Iraq. This agreement comes after Aramco halted its oil shipment to Egypt.
Sudan to Link to GERD Power Grid
Sudan is preparing to construct a power transmission line, which will have the capacity to transmit 3,000MW, from the Grand Ethiopian Renaissance Dam (GERD) to link Ethiopia and Sudan electricity networks.
