Egypt | Egypt Oil & Gas - Part 320

Gasoline, Diesel Consumption Fall

Consumption of gasoline and diesel fell during the first quarter of fiscal year (FY) 2017/2018.

Egypt to Clear Back Payments to IOCs Within 2 Years

If Egypt maintains its current payment rate, it will pay down its arrears to international oil companies (IOCs) within two years.

UK Providing $97M for the Benban Project

Britain will invest more than $97 million in the Benban Solar Park.

French Investments in Egypt’s Oil and Gas Sector Increasing

French investments in Egypt’s oil and gas sector are growing.

Consortium to build 250MW Wind Farm in Ras Ghareb

Orascom Construction Company, Engie, and an unspecified Japanese firm will build a 250 megawatt (MW) wind farm in Ras Ghareb.

Egypt Experiencing Broad Economic Growth

Egypt is experiencing broad economic growth despite high inflation.

El Shazly: E&P Agreements Linked to LCPs

Egypt’s exploration and production (E&P) agreements are linked to its local-content policies (LCPs).

El Sewedy Wants 1M Households Connected to Gas Grid in FY 2018/2019

The parliamentary Energy and Environment Committee supports the government’s plans to extend the natural gas grid to 600,000 new households during fiscal year (FY) 2017/2018.

Plans for the Dabaa Nuclear Plant Progress

The Egyptian Ministry of Electricity and Renewable Energy has completed the legal prerequisites for the Dabaa nuclear plant and has finalized operational and funding plans for the facility.

Butane Production Rises 2.5% Y-o-Y in August

Butane production rose to 163,700 tons in August, up 2.5% year-on-year (Y-o-Y) from August 2016.

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