Egypt | Egypt Oil & Gas - Part 317

Apex International Energy Opened in Cairo

Apex International Energy, a new independent oil and gas exploration and production company focused on Egypt, announced that it has opened offices in Cairo, Egypt and Houston, Texas.

EGAS Extended Gas Pipeline

The Egyptian Natural Gas Holding Company completed an extension of the gas pipeline located west of the Nile and passing below the river to deliver gas to Beni Suef Governorate.

Egypt Ranked 122 in Business Index

Egypt moved up 9 spots on the World Bank Group’s Doing Business report for 2017 to rank 122 out of 189 countries. In the group's 2016 report, Egypt ranked 131.

El Molla Met with US Delegation

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the US delegation to Egypt in an event hosted by the American Chamber and the U.S.-Egypt Business Council (USEBC).

Oil Firms Refused Extended Payment Terms

International Oil Companies (IOCs) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two.

Egypt to Buy Kuwaiti Fuel

Egypt signed an agreement to buy petroleum products from Kuwait with no discounts or grants. According to the agreement Egypt should pay in cash.

EGAS Collected EGP 4.2b

The Egyptian Natural Gas Holding Company (EGAS) collected an amount of EGP 4.2b. This figure comprises EGP 3.5b for domestic gas sales since April, and EGP 770m late dues collected from customers.

Egypt to Invest $10b in Coal-Fired Power

The Egyptian Ministry of Electricity received proposals to establish coal-fired power plants according to an engineering, procurement, and construction (EPC) contract, plus financing. Egypt to Invest $10b in Coal-fi ...

EETC Signed 3 FiT Deals

The Egyptian Electricity Transmission Company (EETC) signed three Feed-in-Tariff (FiT) phase I agreements with Nubian, ARC, and Irena with investments estimated at $250m and a production capacity of 125MW.

EIB Agreed to Loan Egypt $800m

European Investment Bank (EIB) approved the issuance of over $800m in loans to support Egyptian economy.

Page 317 of 388

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